Amazon has reported its second straight quarter of $100bn-plus sales, comfortably beating Wall Street’s targets as it continues to reap the rewards of pandemic conditions.
With people around the world now hooked on online shopping and video streaming and the shift to homeworking boosting Amazon’s cloud computing business, the company posted net sales of $108.5bn in the first three months of the year, up 44 per cent on the same period a year ago.
Net income more than tripled to $8.1bn, helping push its shares up 3 per cent to a record above $3,590 in after-hours trading.
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