Amazon Result 1/02/2018

By Vijaya
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Amazon reported its financial results for the fourth quarter and fiscal year 2017. Q4 net sales increased 38% to $60.5 billion, compared to $43.7 billion in Q4 of 2016. Net Income was $1.9 billion, compared to $749 million in Q4 of 2016. Net Income includes a provisional tax benefit from the impact of the U.S. Tax Cuts and Jobs Act of 2017 of approximately $789 million.

For the full year net sales increased 31% to $177.9 billion, compared to $136 billion in 2016. Net income was $3 billion, compared to $2.4 billion in 2016.