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 Source: venturebeat.com

Amazon reports $88.9 billion in Q2 2020 revenue: AWS up 29%, subscriptions up 29%, and ‘other’ up 41%

Quick Summary

Amazon today reported earnings for its second fiscal quarter of 2020, including revenue up 40% to $88.9 billion, net income of $5.2 billion, and earnings per share of $10.30 (compared to revenue of $63.4 billion, net income of $2.6 billion, and earnings per share of $5.22 in Q2 2019). North American sales were up 43% to $55.4 billion, while international sales grew 38% to $22.7 billion. Analysts had expected Amazon to earn $81.53 billion in revenue and report earnings per share of $1.46. The company’s stock was up less than 1% in regular trading and up 4% in after-hours trading. Amazon gave third quarter revenue guidance in the range of $87.0 billion and $93.0 billion, compared to a consensus of $86 billion from analysts.

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