Amazon Posts Profit, AWS Hits $8 Billion Annual Run Rate

For some observers, the key take away from Amazon’s second quarter earnings report was not simply the profits Amazon posted, but the $1.8 billion in Amazon Web Services business for the quarter, implying an annual business generating about $8 billion.

Amazon second quarter 2015 operating cash flow increased 69 percent to $8.98 billion for the trailing twelve months, compared with $5.33 billion for the trailing twelve months ended June 30, 2014.

Free cash flow increased to $4.37 billion for the trailing twelve months, compared with $1.04 billion for the trailing twelve months ended June 30, 2014.

Operating income was $464 million in the second quarter, compared with operating loss of $15 million in second quarter 2014.

Net income was $92 million in the second quarter, or $0.19 per diluted share, compared with net loss of $126 million, or $0.27 per diluted share, in second quarter 2014.


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