Amazon Cloud Division Returns to Growth Amid Price Cuts
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Amazon.com Inc.’s cloud division returned to growth after a hiccup earlier this year, as price cuts attracted new customers and spurred existing clients to spend more.
The online retailer reported third-quarter sales of $1.34 billion for a division it calls “North America, Other” yesterday, up from $960 million a year ago and $1.17 billion in the prior quarter. That’s the category that contains Amazon Web Services, or AWS, a strategically important cloud business that rents computing hardware and software products via the Internet to customers worldwide.