Profit Amazon drops significantly in second quarter

Profit Amazon drops significantly in second quarter

The profits of Amazon in the second quarter of 2017 fell sharply, mainly due to higher expenditure. The company earned a profit of 197 million u.s. dollars (about 168 million euros), 77 percent less than in the same period a year earlier.

This is evident from the quarterly results from Amazon, which on Thursday published.

Amazon gave in the past three months 37,33 million dollars (31,97 million euro), compared 29,12 million dollars (24,94 million) in the same period a year earlier. In the field of marketing and technology was published. The turnover amounted to 38 billion dollars (32.5 billion euros).

The service, Amazon Web Services (AWS) accounted for the bulk of the sales of Amazon. AWS, server room rents to businesses, turned a revenue of 916 million dollars (784 million euros). A year earlier this was less than 718 million dollars (615 million euros).

The service continues also to grow. According to Amazon increased the sales of the service, with 11 percent compared to a year earlier.

Amazon koerste this week to the highest level ever. Founder Jeff Bezos was, therefore, short time the richest man on earth. Due to a fall in the after trading hours, he lost that title, however, to Microsoft founder Bill Gates.

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