Amazon Reports Significant Growth in the Second Quarter of 2024

Amazon has released impressive financial figures for the second quarter of 2024. Particularly noteworthy is the operating cash flow, which has increased by 75% to USD 108 billion compared to the same period last year. Free cash flow also saw a significant rise, reaching USD 53 billion. This substantial increase is also reflected in the figures after deducting financing obligations and lease payments, showing a clear growth boost. Andy Jassy, President and CEO of Amazon, highlights the progress in the company's Amazon Web Services (AWS) division. Customers prefer AWS due to its broader functionality, outstanding security, and excellent operational performance. With new AI-enabled tools like SageMaker and Bedrock, AWS remains the top choice for numerous companies in cloud services. Moreover, Amazon can look back on the most successful Prime Day shopping event in the company's history. The company has also expanded its offerings for Prime members, including the introduction of a Grubhub+ subscription. New AI-driven features, such as the shopping assistant Rufus and the playlist generator Maestro, further enhance the user experience. Amazon has expanded globally by opening a new business in South Africa. The pharmaceutical offering has also been extended: Prime members on Medicare can now obtain an unlimited supply of 60 medications for just USD 5 per month. Additionally, Amazon has received 62 Primetime Emmy Award nominations and secured extensive streaming rights for the NBA. For the third quarter, Amazon expects net sales between USD 154 and 158.5 billion and operating income between USD 11.5 and 15 billion. These forecasts reflect Amazon's continuous growth momentum and adaptability in a volatile market environment.