TIL Desk/Business/San Francisco/ Riding on surging online sales during the pandemic as people stayed home, Amazon reported solid second quarter results, registering a 40 per cent increase in net sales to $88.9 billion, compared with $63.4 billion in the same period last year.
Net income increased to $5.2 billion in the second quarter, compared with net income of $2.6 billion in second quarter 2019, the company said in a statement on Thursday. Amazon shares rose 5 per cent in the after-hours trade.
“This was another highly unusual quarter, and I couldn’t be more proud of and grateful to our employees around the globe,” said Jeff Bezos, Amazon founder and CEO. “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,” he added.
