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Amazon surged profit with cloud

profit

MNA Technology Desk: Online giant Amazon on Thursday said that profit in the second quarter surged nine-fold with cloud computing and other services assisted produce a fifth successive profit. Net profit flew to $857 million from $92 million a year earlier. Revenues hopped 31% to $30.4 billion, Amazon said in stronger-than-expected results. While Amazon advanced a status for transporting little or no profit in its retail processes, its incomes have been growing over the past year as it expands into video and new delivery services and boosts its cloud computing unit, Amazon Web Services (AWS). The strong profit came a ...

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