Amazon announced its second-quarter financial results for fiscal year 6 ending at the end of June this year. Revenue reached US$2023 billion, an increase of 1343.83% over the same period last year, and net profit reached US$10.3 billion. Compared with last year, it suffered a loss of US$67.5 billion due to the decline in market value of its investment in the US electric vehicle startup Rivian. It has obviously grown a lot in profits and achieved the highest profit performance since the fourth quarter of 20.28.
The significant increase in profits is also related to Amazon's large-scale cuts in unprofitable businesses, as well as cost control measures such as large-scale layoffs and organizational restructuring.
As for the performance of various business developments, the e-commerce business saw profit growth of 4.2%, advertising revenue grew by 22%, and AWS cloud services saw a 12% growth, with revenue reaching US$221.4 billion.
After recently announcing the gradual opening of numerous AI application services to businesses, Amazon CEO Andy Jassy emphasized that Amazon will continue to drive the development of more automated AI through its AWS business, making it easier and more cost-effective for businesses to deploy AI in their workloads or business applications. He also stated that Amazon will build more diverse, proprietary large-scale natural language models to further the growth of AI technology.
