Amazon announces 31% sales rise in 2Q 2016


July 31, 2016 | By RetailME Bureau

Amazon’s net sales during the second quarter of 2016 increased 31% to $30.4 billion, compared to $23.2 billion during the same period last year.

The company’s operating income touched $1.3 billion in the second quarter, compared to $464 million in second quarter of 2015. Its net income stood at $857 million in the second quarter, compared to $92 million in second quarter of 2015.

“It’s been a busy few months for Amazon around the world, and particularly in India – where we launched a new AWS Region, introduced Prime with unlimited free shipping and announced that Prime Video is coming soon, offering Prime members in India exclusive access to Amazon Original Series and Movies — including original content featuring top Indian creators and talent,” says Amazon founder and CEO Jeff Bezos, of Amazon.com.

“The team in India is inventing at a torrid pace, and we’re very grateful to our Indian customers for their welcoming response,” he adds.

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