AWS’ annual revenue run rate topped $43.2 billion. Amazon’s sales and earnings crushed estimates.
Amazon’s second quarter crushed expectations as the company spent more than $4 billion on COVID-19 related costs and still had enough operating leverage to post $5.2 billion in profits. AWS’ annual revenue run rate topped $43.2 billion. The company reportednet income of $5.2 billion, or $10.30 a share, on revenue of $88.9 billion, up 40% from a year ago. Wall Street was expecting Amazon to report second quarter revenue of $81.56 billion with non-GAAP earnings of $1.46 a share.
AWS delivered second quarter sales of $10.81 billion, up 29% from a year ago, and “other” revenue, which is mostly advertising was up 41% excluding currency fluctuations.
Like most quarters of late, AWS generated the most operating income.
