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The Guardian - US
The Guardian - US
Technology
Edward Helmore

INSANE: Amazon beats wall street expectations with strong cloud business growth | Rare Historical Photos

Amazon United States Amazon Web Services Greg Zakowicz
an Amazon worker is surrounded by packages
Shares in the e-commerce giant rose in after-hours trading. Photograph: Richard Drew/AP

Amazon became the latest of the “magnificent seven” tech giants to report quarterly earnings on Thursday, with all eyes once again on cloud computing and any sign of a return on vast AI investments. Shares in the e-commerce giant rose in after-hours trading.

The company reported revenue of $158.9bn against analyst expectations of $157.2bn, and earnings per share of $1.43, compared to $1.16 expected by Bloomberg analysts.

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