Amazon shares surge as company shows it can generate sales while slowing spending

Amazon reported second-quarter sales Thursday that topped analysts’ estimates and gave a revenue forecast for as much as 17 per cent growth in the current period.

“Despite continued inflationary pressures in fuel, energy and transportation costs, we’re making progress on the more controllable costs we referenced last quarter, particularly improving the productivity of our fulfilment network,” Jassy said in the statement.Article content “We know AWS is a huge opportunity” and governments and companies are still early on the demand curve, Olsavsky said.

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