Amazon goes from $57 mn loss to $513 mn profit
Amazon on Thursday reported a net income of $513 million for the quarter ended March, compared to a net loss of $57 million in the year-ago period. The e-commerce major’s revenue witnessed its highest growth since 2012, climbing 28.2% to $29.13 billion. Net sales in North America, its biggest market by revenue, rose 26.8% to $17 billion in the quarter.