AWS growth jumps 39% as Amazon hits $201.9 billion in revenue
Amazon posted a record-high operating margin while cloud demand accelerated, though massive capital spending continues to fuel AI infrastructure.
By RuntimeWire Staff · Published · Updated
Primary source: Amazon
Amazon reported net sales of $201.9 billion for the third quarter, a 12% increase year-over-year, driven by a massive resurgence in its cloud business. While net income dipped slightly to $20.7 billion (or $1.89 per diluted share) compared to $21.2 billion in the same period last year, the decline was largely attributed to the absence of a one-time $9.5 billion pre-tax gain from its Anthropic investment seen in the prior year.…
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