Google, Amazon, Facebook and Apple Reporting Revenue – Live Updates

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In Amazon’s press release on the results, CEO Jeff Bezos said, “As expected, we spent over $ 4 billion on additional costs related to Covid-19 during the quarter to help ensure safety of employees and supplying products to customers during this time of high demand. protective gear, increase cleaning of our facilities, follow new safety processes, add new family care relief benefits and pay a special thank you bonus of over $ 500 million to frontline employees and partners Delivery.

“We have created more than 175,000 new jobs since March and are in the process of bringing 125,000 of those employees into regular full-time positions. And third-party sales grew faster again this quarter than Amazon’s first-party sales. Finally, even in this unpredictable time, we injected significant sums into the economy this quarter, investing more than $ 9 billion in capital projects including execution, transportation and AWS. ”

Sales of AWS, the company’s cloud computing unit, reached $ 10.8 billion, from $ 8.38 billion, slightly below analysts’ estimate on Factset.

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