Amazon’s profit tops $2 billion in second quarter

Amazon.com’s profit topped $2 billion for the first time when the company announced its financial results for the second quarter ending June, 30. However, the Seattle-based retailer had little to say in its earnings report about Whole Foods Market, which it acquired last year.

Net income increased to $2.5 billion compared with net income of $197 million in the second quarter 2017. Net sales increased 39 percent to $52.9 billion in the second quarter, compared to $38.0 billion in the second quarter 2017.

Amazon reported that operating cash flow increased 22 percent to $21.8 billion for the trailing 12 months, compared with $17.8 billion for the trailing 12 months ended June 30, 2017.

Operating income increased to $3.0 billion in the second quarter, compared with operating income of $628 million in second quarter 2017.