Amazon announced its financial results for the second quarter of 2018, saying net sales increased 39 percent to $52.9 billion—compared with $38 billion in the second quarter a year ago—and net income was $2.5 billion.
In a conference call that included zero remarks other than a few disclosures upfront and launched straight into the question-and-answer segment, chief financial officer Brian Olsavsky called it a strong quarter, attributing that strength to Amazon’s most profitable areas, including cloud services platform Amazon Web Services, its growing advertising business and “better than expected efficiencies in infrastructure costs and fixed costs.”
Olsavsky
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