Amazon’s Cloud-Computing Unit Fuels E-Retail Giant’s Growth
Amazon Earnings Were Spectacular: Amobi
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The Amazon.com Inc. division that serves computer power, storage, and software via the Internet, accelerated the pace of its growth, generating $1.82 billion in second-quarter sales.
The second-ever disclosure of results from the Amazon Web Services group showed sales increased 81 percent from a year earlier, greater than a 49 percent rise in the first quarter. AWS produced $391 million of operating income for Amazon, supporting the company’s $92 million of total operating income.