{"id":72585,"date":"2023-08-07T00:00:00","date_gmt":"2023-08-07T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/logistics\/2023\/08\/07\/amazon-posts-surprisingly-strong-2q-2023-earnings-following-a-package-of-cost-cutting-measures\/"},"modified":"2023-08-07T00:00:00","modified_gmt":"2023-08-07T00:00:00","slug":"amazon-posts-surprisingly-strong-2q-2023-earnings-following-a-package-of-cost-cutting-measures","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/logistics\/2023\/08\/07\/amazon-posts-surprisingly-strong-2q-2023-earnings-following-a-package-of-cost-cutting-measures\/","title":{"rendered":"Amazon posts surprisingly strong 2Q 2023 earnings, following a package of cost-cutting measures"},"content":{"rendered":"

Amazon reports a surge in top + bottom lines: <\/strong>E-commerce giant Amazon<\/a> recorded a 433% y-o-y rise in net income to USD 6.7 bn in 2Q 2023 \u2014 rebounding from a net loss in the previous year, according to its earnings release (pdf)<\/a>. The company\u2019s revenues during the period also saw an increase of 11% y-o-y to USD 134.4 bn. Operating income jumped 133.3% y-o-y in 2Q 2023 to reach USD 7.7 bn. <\/p>\n

The positive results were driven by <\/strong>measures to reduce costs<\/a><\/strong>, including in its fulfillment network, which helped boost delivery speeds, Amazon CEO Andy Jassy said in the statement. Jassy also cited stabilizing AWS growth, as customers started shifting from cost optimization to new workload deployment, and AWS continuing to add to its position in the cloud with generative AI releases. <\/p>\n

The company\u2019s financial results got a lot of ink<\/strong> in the international press: The Wall Street Journal<\/a> | NYT<\/a> | CNBC<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

Amazon reports a surge in top + bottom lines: E-commerce giant Amazon recorded a 433% y-o-y rise in net income to USD 6.7 bn in 2Q 2023 \u2014 rebounding from a net loss in the previous year, according to its earnings release (pdf). The company\u2019s revenues during the period also saw an increase of 11% […]<\/p>\n","protected":false},"author":1,"featured_media":72586,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[56],"tags":[244,162,17,55],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-72585","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-logistics-in-the-news","tag-amazon","tag-e-commerce","tag-enterprise-logistics","tag-logistics-in-the-news","wpautop","entry"],"acf":{"mongo_id":"1d2dad0b-665d-48a3-8061-041239bd2eeb","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2023\/8\/256.jpeg","photo_position":"above","homepage_title":"","full_issue_title":"Amazon posts surprisingly strong 2Q 2023 earnings, following a package of cost-cutting measures","related_issue":[72571],"teaser":"","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2023\/8\/.a1523452-37d4-491d-9edc-926b96d4bb86.mp3"},"yoast_head":"\nAmazon posts surprisingly strong 2Q 2023 earnings, following a package of cost-cutting measures - Logistics<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/logistics\/2023\/08\/07\/amazon-posts-surprisingly-strong-2q-2023-earnings-following-a-package-of-cost-cutting-measures\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Amazon posts surprisingly strong 2Q 2023 earnings, following a package of cost-cutting measures\" \/>\n<meta property=\"og:description\" content=\"Amazon reports a surge in top + bottom lines: E-commerce giant Amazon recorded a 433% y-o-y rise in net income to USD 6.7 bn in 2Q 2023 \u2014 rebounding from a net loss in the previous year, according to its earnings release (pdf). The company\u2019s revenues during the period also saw an increase of 11% […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/logistics\/2023\/08\/07\/amazon-posts-surprisingly-strong-2q-2023-earnings-following-a-package-of-cost-cutting-measures\/\" \/>\n<meta property=\"og:site_name\" content=\"Logistics\" \/>\n<meta property=\"article:published_time\" content=\"2023-08-07T00:00:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2023\/8\/256.jpeg?fit=%2C&ssl=1\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/logistics\/2023\/08\/07\/amazon-posts-surprisingly-strong-2q-2023-earnings-following-a-package-of-cost-cutting-measures\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/logistics\/2023\/08\/07\/amazon-posts-surprisingly-strong-2q-2023-earnings-following-a-package-of-cost-cutting-measures\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/logistics\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Amazon posts surprisingly strong 2Q 2023 earnings, following a package of cost-cutting measures\",\"datePublished\":\"2023-08-07T00:00:00+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/logistics\/2023\/08\/07\/amazon-posts-surprisingly-strong-2q-2023-earnings-following-a-package-of-cost-cutting-measures\/\"},\"wordCount\":156,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/logistics\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/logistics\/2023\/08\/07\/amazon-posts-surprisingly-strong-2q-2023-earnings-following-a-package-of-cost-cutting-measures\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2023\/8\/256.jpeg?fit=%2C&ssl=1\",\"keywords\":[\"Amazon\",\"e-commerce\",\"Enterprise Logistics\",\"LOGISTICS IN THE NEWS\"],\"articleSection\":[\"Logistics in the News\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/logistics\/2023\/08\/07\/amazon-posts-surprisingly-strong-2q-2023-earnings-following-a-package-of-cost-cutting-measures\/\",\"url\":\"https:\/\/enterpriseam.com\/logistics\/2023\/08\/07\/amazon-posts-surprisingly-strong-2q-2023-earnings-following-a-package-of-cost-cutting-measures\/\",\"name\":\"Amazon posts surprisingly strong 2Q 2023 earnings, following a package of cost-cutting measures - 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