• AED to PKR – Convert UAE Dirhams to Pakistani Rupees
  • CAD to PKR – Convert Canadian Dollars to Pakistani Rupees
  • Economy.pk
  • GBP to PKR – Convert British Pounds to Pakistani Rupees
  • SAR to PKR – Convert Saudi Riyals to Pakistani Rupees
  • USD to PKR – Convert US Dollars to Pakistani Rupees
Wednesday, May 27, 2026
  • Login
No Result
View All Result
Economy.pk
  • Business
  • Economy
  • Technology
  • Sports
  • Education
  • Health
  • Politics
  • World
  • Gold Rates
  • Business
  • Economy
  • Technology
  • Sports
  • Education
  • Health
  • Politics
  • World
  • Gold Rates
No Result
View All Result
Economy.pk
No Result
View All Result

Amazon’s profits more than tripled in three months

by Web Desk
April 30, 2021
in Business, Economy, Finance, New, Technology, World
0
Amazon
123
SHARES
247
VIEWS
Share on FacebookX

Amazon’s profit in the first three months of 2021 came in at $8.1bn (£5.8bn) – more than triple what it was in the same period last year.

The online marketplace is among the businesses that have thrived during the various government lockdowns aimed at limiting the spread of the coronavirus.

As many millions of people were forced to stay in their homes, Amazon was relied on for the delivery of supplies.

Since the pandemic began, the business has posted four consecutive record quarterly profits, attracted more than 200 million Prime loyalty subscribers, and recruited more than 500,000 employees to keep up with the demand.

Revenue was up 44% to $108.5bn (£77bn), making Amazon one of just four US companies to have reported quarterly revenue above $100bn (the others being Apple, Exxon Mobil and Walmart).

Sales at Amazon’s ad business were up 77% and its cloud-computing business – which helps power the online operations of Netflix, McDonald’s and others – grew by 32%.

Brian Olsavsky, Amazon’s chief financial officer, said many businesses want to outsource their technology infrastructure to Amazon Web Services.

“We expect this trend to continue as we move into the post-pandemic recovery,” he said.

Tags: AmazonExxonWalmart
Web Desk

Web Desk

Related Posts

Pakistan, China agree to strengthen deep-rooted multifaceted ties

Pakistan, China agree to strengthen deep-rooted multifaceted ties

by Web Desk
May 26, 2026
0

Pakistan and China have reaffirmed their commitment to strengthening bilateral ties, strategic cooperation, and political mutual trust during Prime Minister...

IT exports expected to reach $4bn during current fiscal year, PM told

IT exports expected to reach $4bn during current fiscal year, PM told

by Web Desk
May 11, 2026
0

Prime Minister Shehbaz Sharif was informed on Monday that Pakistan’s IT exports are projected to reach between $4.5 billion and...

IMF approves $1.32b financing for Pakistan

IMF approves $1.32b financing for Pakistan

by Web Desk
May 9, 2026
0

The Executive Board of International Monetary Fund has approved one point three-two billion dollars financing for Pakistan under its Extended...

Pakistani Army Cadet Wins Top Honour at Australian Military College

Pakistan Army Cadet Wins Top Honour at Australian Military College

by Suneela Zulfiqar
May 6, 2026
0

Inter-Services Public Relations (ISPR) announced on Wednesday that Royal Military College Duntroon has named Pakistan Army Cadet Sardar Arsam Abbas...

Earnings Winners Hit All-Time Highs Across Tech

Earnings Winners Hit All-Time Highs Across Tech

by Suneela Zulfiqar
May 6, 2026
0

A group of US-listed tech and AI infrastructure stocks surged to new all-time highs this week, as strong Q1 earnings...

Tech Boss Calls for ‘Minimum Wage’ on AI to Protect Jobs

Tech Boss Calls for ‘Minimum Wage’ on AI to Protect Jobs

by Suneela Zulfiqar
May 6, 2026
0

A technology entrepreneur has warned that politicians are unprepared for the impact artificial intelligence (AI) will have on workplaces, suggesting...

Next Post
CDC

CDC issues new outdoor face mask guidelines for vaccinated people

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Ads

  • AED to PKR – Convert UAE Dirhams to Pakistani Rupees
  • CAD to PKR – Convert Canadian Dollars to Pakistani Rupees
  • Economy.pk
  • GBP to PKR – Convert British Pounds to Pakistani Rupees
  • SAR to PKR – Convert Saudi Riyals to Pakistani Rupees
  • USD to PKR – Convert US Dollars to Pakistani Rupees

© 2026 All Rights Reserved

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Business
  • Economy
  • Technology
  • Sports
  • Education
  • Health
  • Politics
  • World
  • Gold Rates

© 2026 All Rights Reserved

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.