This amount was below expectations. According to experts interviewed by The Wall Street Journal, Amazon’s revenue was expected to exceed $115.4 billion, and the company itself predicted revenue of $110 – $120 billion.

In the last quarter, the revenue of the American company Amazon exceeded $113 billion, which was below the expectations of experts. This is evidenced by the company’s quarterly reports, published on its website.

For the reporting three-month period ended June 30, Amazon’s revenue increased by 27% year-on-year to $113.1 billion compared to $88.9 billion for the same period last year. According to experts interviewed by The Wall Street Journal, Amazon’s revenue was supposed to exceed $115.4 billion; the company itself predicted revenue of $110 – $120 billion. The company’s operating income increased to $7.7 billion.

“Over the past 18 months, we have faced the need to deliver an unprecedented number of goods, including protective equipment, food, and other products that have helped people around the world cope with the difficulties caused by the pandemic,” said Amazon CEO Andy Jassy, who took over the post on July 5 from the company’s founder Jeff Bezos. According to him, in many respects, the financial success of the online retailer is also caused by the demand for cloud services provided by it.

Amazon is the world’s largest corporation that sells goods and services over the Internet. Bezos founded it in 1994. The company’s market capitalization is currently estimated at about $1.81 trillion. Bezos, according to Bloomberg, is currently the richest person in the world. His fortune is estimated at about $207 billion.