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AWS drives tripling in Amazon Q3 net profit

Friday 28 October 2016 | 09:00 CET | News
Amazon reported a strong increase in third-quarter profits, with the net result more than tripling year-on-year to USD 252 million. Operating profit rose to USD 575 million from USD 406 million a year ago, better than the company's guidance. Revenues were 29 percent to USD 32.7 billion, in line with Amazon's forecast. Free cash flow increased to USD 8.6 billion for the trailing twelve months, compared with USD 5.4 billion for the same period a year earlier. Amazon forecast fourth-quarter sales up 17-27 percent year-on-year to USD 42.0-45.5 billion, while operating profit is estimated at

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Categories: Internet
Companies: Amazon
Countries: World
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