Finance & Economics

Amazon sales significantly increased in the third quarter

Amazon.com announced third-quarter sales up 29% to $56.6 billion

Amazon sales significantly increased in the third quarter. Source: flickr.com

Amazon announced financial results for its third quarter ended September 30, 2018.

Operating cash flow increased 57% to $26.6 billion for the trailing twelve months, compared with the previous year. Free cash flow also increased to $15.4 billion.

Common shares outstanding plus shares underlying stock-based awards totaled 507 million on September 30, 2018, compared with 503 million one year ago.

Net sales increased 29% to $56.6 billion in the third quarter, compared with $43.7 billion in the third quarter of 2017.

Operating income increased to $3.7 billion in the third quarter, compared with operating income of $347 million in the third quarter of 2017.

Net income increased to $2.9 billion in the third quarter, or $5.75 per diluted share.

Amazon Business has now reached a $10 billion annual sales run rate and is serving millions of private and public-sector organizations in eight countries. And weu2019re not slowing down u2013 Amazon Business is adding customers rapidly, including large educational institutions, local governments, and more than half of the Fortune 100. These organizations are choosing Amazon Business because it increases transparency in business spending and streamlines purchasing, with increased control. The team is doing a fantastic job building and innovating for customers
Jeff Bezos, Amazon founder and CEO

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