Monday, October 29, 2018

Amazon is a new record in profit

The company's profit has reached a new peak since the world's leading tech giant Amazon has been doing well in its online shopping and cloud service in September quarter. But the sad thing is that investors are not happy with it. In the 3rd quarter of the current fiscal, Amazon has earned a net profit of $ 2.88 billion, or 21,100 crore rupees. The company's new record for Amazon has seen a profit of more than $ 1 billion over the past four quarters. During the same period, the company's turnover rose 29 percent to $ 56.58 billion. But market forecasts showed that this amount was more than $ 57 billion, and this was a matter of little concern for investors. In this case, the company's shares fell by about 50 per cent this year, and fell by 7 per cent on Thursday

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