Amazon.com Inc. reported another record profit and its fifth straight quarter in the black as it continued to reap new sales from Prime memberships and its relentless push to deliver goods ever faster. Revenue gained 31%, helping push Amazon to a new all-time profit mark, its third straight quarter doing so, helped along by rising sales at its cloud computing unit. Amazon appears finally to be delivering on a long-held hope from investors of consistent profitability. The Seattle company hadnít had five consecutive profitable quarters since 2012 as it pumped much of its sales back into product and infrastructure development, including massive suburban warehouses to feed customersí appetites.
Copyright © SelectCandles All Rights Reserved