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Amazon Business sales continue to grow

Amazon announced financial results for its third quarter ended September 30, 2018 with sales to businesses helping boost sales.

“Amazon Business has now reached a $10 billion annual sales run rate and is serving millions of private and public-sector organizations in eight countries,” said Jeff Bezos, Amazon founder and CEO. “And we’re not slowing down – Amazon Business is adding customers rapidly, including large educational institutions, local governments, and more than half of the Fortune 100. These organizations are choosing Amazon Business because it increases transparency into business spending and streamlines purchasing, with increased control. The team is doing a fantastic job building and innovating for customers.”

Amazon net sales increased 29% to $56.6 billion in the third quarter, compared with $43.7 billion in third quarter 2017.