Tech giants like Apple, Amazon, Alphabet and Facebook have all reported quarterly figures end last week and there is a big Tech rally due to the higher than expected earnings.
Amazon reported net income USD5.2B, compared to USD2.6B in the last quarter. This is on the back of 40% revenue increase to USD88.9B compare to last quarter. Operational CashFlow increased 42% to USD51.2B for the ttm compared to USD36.0B ended June 30, 2019.
At the time of writing this post, Amazon is the second largest company in the world by market capitalization (i.e. USD1.58T) behind Apple (i.e. USD1.84T). For more about Amazon’s financials, refer to Yahoo finance here.
In this article, I am not going to focus on the financial analysis of Amazon, but instead tell you more about Amazon’s business aside from E-commerce. Frankly, if we are to go in depth into all of Amazon’s businesses,