Friday, 27 April 2018

Amazon reported 43% surge in revenues for the first quarter



Amazon has reported a 43% surge in revenues for the first quarter, fuelled by online shopping in the US.

 
The internet retail giant said sales rose to $51bn (£36.6bn) in the three months to March, surpassing analysts' forecasts.


Amazon also said that its profit more than doubled, sending its share price to a new high in after-hours trading on the New York Stock Exchange.


It added that it expects profit and revenue to grow in the second quarter.


Over the three months to March, Amazon's net profit rose to $1.6bn from $724m in the same period last year.
Amazon was founded and is led by Jeff Bezos who, according to Forbes magazine, is now the richest man in the world and owns The Washington Post newspaper.




BBC      News.