Amazon announces Q2 2021 results

Amazon creates 3,000

Amazon announced Q2 2021 results, as total net sales increased 27.2% Y-o-Y, to $113.1bn in the second quarter, compared with $88.9bn in second quarter 2020. Excluding the $2.5bn favourable impact from year-over-year changes in foreign exchange rates throughout the quarter, net sales increased 24% compared with second quarter 2020.

Operating income increased to $8.9bn in the first quarter, compared with operating income of $4.0bn in first quarter 2020.

Net income increased to $8.1bn in the first quarter, compared with net income of $2.5bn in first quarter 2020.

Net sales in online stores went up from $45.9bn in Q2 2020, to $53.2bn in 2021, an increase of 15.8% Y-o-Y.

In terms of operating expenses, fulfilment has gone up to $17.6bn in Q2 2021, up from $13.8bn in 2020.

Net sales in North America increased from $55.4bn in Q2 2020, to $67.6bn in Q2 2021, showing an increase of 21.9% Y-o-Y; while operating income increased to $3.1bn up from $2.1bn in 2020. 

International net sales showed a net sales increase to $30.7bn in Q2 2021, from $22.7bn in 2020, an increase of 35.6% Y-o-Y; while operating income (loss) increased to £362m, up from $345m in 2020. 

Amazon Web Services net sales went up to $14.8bn in Q2 2021, up from $10.8bn in 2020, an increase of 37.0% Y-o-Y. As operating income increased to $4.2bn, up from $3.4bn in 2020. 

Amazon is fitting delivery vehicles with camera safety technology and artificial intelligence to capture real-time data (such as following safe distance and road conditions) to identify at-risk driving events. These technologies are said to be used to help keep drivers and the communities where Amazon delivers safe. According to Amazon, when this technology was piloted in 2020 on over two million miles of delivery routes, crashes decreased 48%, stop sign violations decreased 20%, driving without a seatbelt decreased 60%, and distracted driving decreased 45%.

Climate

Amazon has announced a total of 206 renewable energy projects globally, including 71 utility-scale wind and solar projects and 135 rooftop solar installations at facilities and stores worldwide. 

Amazon announced a partnership with Mahindra Electric, a manufacturer of electric vehicles (EVs), to deploy nearly 100 Treo Zor electric vehicles in seven Indian cities as part of Amazon India’s plan to include 10,000 EVs in its delivery fleet by 2025. These EVs are in addition to The Climate Pledge’s commitment to have 100,000 EVs in Amazon’s delivery fleet by 2030, according to Amazon. 

Source: Amazon

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