Amazon'S Share Price Rose Second In The 1.97% Quarter.

July 29th news this morning, global

The giant released its 2016 quarter financial report for the second quarter of June 30, 2016, after its earnings announcement.

The share price rose 14.82 dollars on the day and closed at $767.43, or 1.97%.

Financial reports showed that Amazon's second quarter revenue and net profit increased significantly due to the strong growth of AWS cloud business and the growth of subscribers of AmazonPrime services.

The highlights of Amazon's earnings report are as follows:

1, Amazon's net revenues in the second quarter amounted to $30 billion 400 million, compared with $23 billion 200 million in the same period last year, an increase of 31% over the same period last year.

2, Amazon's operating profit in the second quarter was $1 billion 300 million, compared with $464 million in the same period last year, an increase of 180% over the same period last year.

3, Amazon's net profit in the second quarter was $857 million, compared with net profit of 92 million US dollars in the same period last year, a sharp increase of 832% over the same period last year.

4, Amazon's second quarter net revenue from AWS was $2 billion 886 million, compared to $1 billion 824 million last year, and operating expenses from AWS were US $2 billion 23 million, up from 1 billion 433 million US dollars in the same period last year. The operating profit from AWS was US $718 million, up from 305 million US dollars in the same period last year.

5, Amazon's net revenue from the North American region in the second quarter was $17 billion 674 million, up from US $13 billion 796 million in the same period last year, and net revenue from the international region was US $9 billion 844 million, up from 7 billion 565 million US dollars in the same period last year.

The degree of acceptance and usage is higher than that of other regions, and its dominance in North America is obvious.

Amazon's founder and chief executive, Geoff Bezos, said: "in recent months, Amazon has been very busy around the world, especially in the India market.

In the India market, we launched the new AWS service and launched the Prime service with unlimited free delivery. In addition, we also announced the upcoming launch of PrimeVideo services to provide India Prime members with specialized services such as Amazon's original TV dramas and movies.

India's team is actively developing, and we thank India customers for their enthusiastic response.

Amazon expects the company's net revenue in the third quarter of fiscal year 2016 to be between $31 billion and $33 billion 500 million, that is, an increase of 22% to 32% over the previous year. It is estimated that the operating profit in the third quarter will be between 50 million dollars and 650 million dollars, with a profit of 406 million dollars in the same period of 2015.

On the 9 th of this month, the closing price of Amazon closed at $745.81, with a market value of US $351 billion 890 million and a record high.

This not only means Amazon's market capitalization has been ranked the second highest in the world, but Amazon's market value is far higher than that of WAL-MART, a traditional retail giant with an annual revenue of more than 400 billion US dollars ($230 billion).

The total market capitalization of apprenticeship in China did not reach 350 billion.

Amazon's high growth benefits from its constantly improving innovation capability, which has not only developed highly intelligent marketing in North America, but also expanded and satisfied users in the global market.

At present, besides the Chinese market, Amazon is also in the forefront of many other countries.