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Amazon Cloud Unit Helps It Stay Profitable While Investing

  • Company takes on Netflix, Wal-Mart and Flipkart at once
  • E-commerce giant spends for growth and makes money, too
Bloomberg business news

Amazon Sees a Profit for Fifth Straight Quarter

Updated on Inc. is showing investors it can be consistently profitable while making big investments to challenge competitors in the U.S. and expand around the globe.

The Seattle-based company reported second-quarter earnings that topped analysts’ estimates, while spending on quicker delivery to keep ahead of Wal-Mart Stores Inc. and other brick-and-mortar retailers, expanding its entertainment offerings to challenge video-streaming rival Netflix Inc. and pouring money into India to take on e-commerce competitor Flipkart Ltd.