
Amazon reports increased 1Q profits and net sales fueled by cloud computing demand
New York (AP) — Amazon on Wednesday reported strong increases in profits and net sales during its fiscal first quarter, helped by surging growth in its prominent cloud computing unit. The e-commerce and technology company said that sales in its cloud computing unit were up 28% in the January-March period, the fastest increase in 15 quarters. Amazon Web Services had 24% sales growth in the fourth quarter, which followed the division's 20% growth in the third quarter. The Seattle-based company...
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