New Delhi: Amazon is the last of the five US US technology companies to report their income for three months ending June 2021.
And, like the other four previous Gafam companies, Amazon reported the quarter of other record breakers, despite falling Wall Street hopes in terms of sales and Guide Q3.
Behemoth e-commerce saw net sales growing 27 percent to $ 113 billion in the last three months, some offset the slowdown in the core e-commerce business with strong growth in the cloud segment and its advertising.
While CFO Brian Olsavsky quickly showed that the slowdown in year-to-year growth was largely due to very strong results caused by locking in Q2 2020, Amazon shares still fell after the announcement.
While Facebook and Apple also offer a simple guide this week, warning investors that the growth rates of blockbuster achieved over the past 15 months cannot be maintained forever, there are few signs of weakness in the results of large technology Q2.
All Gafam Group, namely Google, Apple, Facebook, Amazon and Microsoft, look at profit profit in the June quarter, as “Big Tech” continues to benefit from the effects of stimulating pandemics on online advertising, e-commerce, and consumer spending.
When the following graph shows, each of the five companies destroyed a previous record for the second quarter, with Apple, the alphabet and Facebook almost doubled the best before.
(Source: Statista)
Tech Giants destroys profit records in Q2
