“This was another highly unusual quarter, and I couldn’t be more proud of and grateful to our employees around the globe,” said Amazon CEO Jeff Bezos said in a statement Thursday.
Amazon said its investment in coronavirus measures during the quarter included funds for purchasing protective equipment for employees and enhancing warehouse cleaning as well as adding family care benefits and paying out bonuses to front-line warehouse and delivery workers.
Amazon’s North America sales, in particular, grew 43% year-over-year to $55.4 billion, as consumers continued to rely on online shopping during the pandemic. And the resurgence of coronavirus cases across the United States is likely to “support continued strong order patterns at Amazon,” according to Monness Crespi Hardt analyst Brian White.
“Amazon has proven irreplaceable in delivering the daily necessities to people around the world during this crisis, attracting more customers to the platform, expanding the list of products purchased by existing customers and accelerating the shift to ecommerce at large,” White wrote in an investor note earlier this week.
Revenue from Amazon Web Services, the company’s cloud computing business and single biggest profit driver, grew nearly 29% to $10.8 billion in the quarter.
Still, analysts say it’s unlikely the antitrust investigation will have any immediate impact on the company, if at all.
Amazon expects sales to grow between 24% and 33% during the upcoming third fiscal quarter to between $87 billion and $93 billion.