Amazon boasts 23% increase in sales for Q3 2015

Amazon's financial results for Q3 2015 are in and the company is doing very well, as it's gearing for the holiday shopping season. The company recorded a 23% increase in sales to $25.4 billion compared to $20.6 billion in Q3 2014.

The result of the boost in sales is a positive quarter balance with a $79 million profit. Amazon's success is due to a 28% rise of sales in North America and, according to analysts, the Amazon Web Services (AWS) segment.

AWS is the world's largest public cloud service hosting websites and applications. It brought a revenue of $2.08 billion, which is up 78% from the same period last year. Operating income from AWS is $521 million, up from $98 million from a year ago.

The company didn't provide any sales figures for its Fire TV sticks and tablets, though.

Source | Via