Unique content for supply chain management and logistics.
LTD Management provides leading global logistics and supply chain management consulting based on real-world supply chain and logistics experience.
LTD, with its practical experience, brings authority and domain expertise to clients, as our blogs show. From analysis to implementation, for any need, and for any place in the world, LTD can assist.
Click the link in the sidebar to check out our website! Or email to firstname.lastname@example.org
Friday, July 29, 2016
AMAZON DOES GREAT
Investors, with short-term views, do not understand Amazon and where it is going and how it is doing it.
Two weeks after its second annual Prime Day surpassed expectations, Amazon’s winning streak continued as it posted its fifth straight quarter of profitability.
The online giant posted adjusted earnings per share of $1.78 for the quarter ended June 30, easily surpassing expectations for $1.11. Net income was $857 million, compared with $92 million in the year-ago period.
Amazon Web Services (AWS) was crucial to the company’s second quarter profit performance, and accounted for more than half of its overall profits, reported mashable.com.
“While its (AWS) sales are a relatively small part of the company, the business now contributes more profits than its overall North America operations,” the report said.
Amazon’s net sales for the quarter also came in higher than expected, jumping 31% to $30.4 billion, up from $23.2 billion in the year-ago period.
Detailing its second quarter highlights, Amazon said its second annual Prime Day was the biggest sales day ever for Amazon, and was also a record day for Amazon devices globally. Compared to Prime Day 2015, worldwide orders grew by more than 60%.
In its quarterly release, Amazon also highlighted its recent activity in India.
“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,” said Jeff Bezos, founder and CEO of Amazon.com.
Looking ahead to the third quarter, Amazon said it expects net sales between $31.0 billion and $33.5 billion, or to grow between 22% and 32% compared the year-ago period.