Amazon Q2 sales rocket

Net sales at Amazon grew 40% in the second quarter of 2020 compared to last year, reflecting how the online giant benefitted from the global economic lockdown.

From net sales totalling $88.9bn in Q2, operating income almost doubled to $5.8bn in the period from $3.1bn in Q2, 2019.

Jeff Bezos, Amazon founder and CEO commented: “This was another highly unusual quarter, and I couldn’t be more proud of and grateful to our employees around the globe.

“As expected, we spent over $4 billion on incremental COVID-19-related costs in the quarter to help keep employees safe and deliver products to customers in this time of high demand purchasing personal protective equipment, increasing cleaning of our facilities, following new safety process paths, adding new backup family care benefits, and paying a special thank you bonus of over $500 million to front-line employees and delivery partners.

“We’ve created over 175,000 new jobs since March and are in the process of bringing 125,000 of these employees into regular, full-time positions. And third-party sales again grew faster this quarter than Amazon’s first-party sales. Lastly, even in this unpredictable time, we injected significant money into the economy this quarter, investing over $9 billion in capital projects, including fulfilment, transportation, and AWS.”

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