Amazon earned a profit of $513 million altogether in 2015. But this year seems to be extremely profitable for it. After just three months of this year the company has reported an enormous profit of $596 million. This shows the vast growth of their sales all around the globe.
Sales of Amazon have always been high but the change in the quantity of profit on the sales has made company’s proceedings so elevated. Last year company faced a loss of $57 million in first three months. And it earned $241 million in 2014. Because of the rapidly growing sales the stock has also been stacked up.
This immense increase in the company’s profit has made the investors happier. The number of investors will surely increase for Amazon this year. The web services of Amazon are also increasing incredibly. Its revenue has increased up to 64% this year.