News Amazon reports rising quarterly results, but...

    Amazon reports rising quarterly results, but…


    Amazon reports: Amazon announced revenue of $ 75.5 billion in the first quarter of 2020.

    Like many other companies this week, Amazon has lifted the veil on its quarterly results. The American company announces a turnover of 75.5 billion dollars for a net profit of 2.5 billion dollars and a profit per share of 5.01 dollars. The turnover announced for this first quarter represents an increase of 26% compared to the same period last year. However, net profit fell 29% compared to 2019.

    In North America, Amazon sales increased 29% to $ 46.1 billion, where the same increase reached $ 19.1 billion, an additional 18% for international sales.

    Amazon thus announces results higher than the expectations of analysts who expected turnover of 73.61 billion dollars and a profit per share of 6.25 dollars.

    No profit this quarter for Amazon

    During its announcement, Amazon also spoke about the current health situation, a statement that follows several critics – including in France. In France, the government demanded that the online merchant close all of its warehouses and reduce its deliveries to basic necessities. As a result, the firm has indeed closed its premises, but they continue to deliver all or almost all of the items through its other European subsidiaries despite the coronavirus pandemic and requests from the authorities.

    In an attempt to reassure its detractors, Amazon has declared that it has ordered 100 million masks intended for its staff, drivers and associates. The firm also allegedly purchased more than 1,000 thermal cameras and 31,000 thermometers to perform ” mandatory daily temperature checks for employees and support staff at all of our operating sites and Whole Foods stores Market ”.

    But that’s not all, Amazon has said it will spend $ 4 billion in operating profit on employee protection and the purchase of coronavirus tests. Between April and June, the company therefore plans to post no profit. The group’s decision had the effect of dropping the stock market share from 4.5 to 5% during trade after the close of Wall Street.

    Read Also: Twitter the number of users increases sharply during containment

    I am a web developer, and digital marketer I love programming, and technologies, always looking for new technologies and new challenges.

    Latest news

    The best TWS wireless headphones of 2020

    There is currently a wide variety of models of True Wireless headphones. To guide you in choosing the best TWS phone, a list was created, divided by the most relevant categories, according to the user's activities.

    Is it worth buying the ASUS Zenbook 14 UX434FA? – REVIEW

    The Zenbook 14 with ScreenPad 2.0 is a high-value notebook that should offer an excellent user experience, at least on paper. Let's go to the worth of this Ultrabook (ASUS Zenbook 14 UX434FA) that is in the range of $ 1245.

    Xiaomi will launch Redmi K30S on October 27

    The Chinese giant is preparing to launch yet another smartphone from the K30 line (Xiaomi will launch Redmi K30S later this month).

    ALL XIAOMI Smartphones launched in 2020

    Today we will bring a list of all Xiaomi Smartphones launched in 2020, with each new launch the list will be updated with all possible details.

    Minimum requirements to run Amnesia: Rebirth on PC

    Check out the minimum and recommended system requirements to run Amnesia: Rebirth on PC, the great horror title released in October 2020.

    Apple Watch SE presents overheating problems

    The first owners of the cheapest version of Apple's smartwatch, the Apple Watch SE, in South Korea have encountered problems while using their smartwatches.

    Must read

    You might also likeRELATED
    Recommended to you