New York (CNN Business) Amazon's sales and profit soared in the latest quarter as shoppers turned to the online giant to deliver goods to their homes in the pandemic. Amazon said Thursday that during the three months ending September 30 its sales grew 37% compared to the same period last year, to $96.1 billion, and profit increased 197% to $6.3 billion. In North America, sales grew 39%, while international sales increased 37%. Revenue from Amazon Web Services, the company's cloud computing business and largest profit driver, grew 29%. Heading into Thursday, Amazon's stock had rallied more than 70% this year.

Source: The Nation October 29, 2020 21:11 UTC