Over the past four years, Amazon has increased its revenue by $200 billion and $37 billion in net profit, with profits rising by 112% thanks to improving margins.

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The e-commerce giant’s quarterly sales results met Wall Street’s expectations.

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Revenue rose to $167.7 billion from $147.9 billion a year ago. The company's sales figure excluded the impact from Amazon's Prime Day event, which ran from July 8 to July 11.

Amazon said the strong dollar pared nearly $900 million from revenue during the quarter. For the current period ending in March, Amazon forecast revenue in the range of $20.9 billion to $22.9 billion.