Amazon posted earnings numbers that climbed by 15 billion year over year when it noted second-quarter earnings Thursday. Its peers in cloud and retail services do not come anywhere near this level of growth.
Amazon reported earnings of $52.9 billion for its next quarter, up 39 percent from the year-ago interval when it saw $38 billion. The bulk of this comes from North American earnings, consisting of retail revenue and subscription fees for your provider’s Prime memberships. Cloud earnings increasingly drives earnings development, rising by 49% in the next quarter.