Amazon posts $6.7 bn in net income

San Francisco: Amazon posted strong financial results for its second quarter ended June 30, with net sales increasing 11 per cent to $134.4 billion and net income at $6.7 billion, compared with a net loss of $2 billion in the year-ago quarter. Its Cloud arm sales increased 12 per cent year-over-year to $22.1 billion. AWS segment’s operating income was $5.4 billion, compared with operating income of $5.7 billion in the second quarter of 2022.