AWS Achieves Fastest Growth in 18 Quarters. And That May Not Even Be the Best Part of Amazon’s Latest Earnings Report.
Amazon delivered blockbuster results across the board.
Overview
Amazon (NASDAQ:AMZN)stock was soaring on Friday after the company delivered its strongest quarterly growth in five years, breezing past analyst estimates.
Revenue jumped 20% to $200.6 billion, ahead of the analyst consensus at $196.4 billion, and operating income rose 43% to $27.5 billion.
Details
Amazon Web Services, the company’s cloud computing division, got the bulk of the attention from investors, reporting its fastest growth in nearly five years as revenue rose 37%, in line with peers like Alphabet and Microsoft, which also saw cloud growth take off.
Source
Originally published at www.fool.com.
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