Get all your news in one place.
100's of premium titles.
One app.
Start reading
International Business Times
International Business Times
Business
Glenn CHAPMAN

UNBELIEVABLE: Amazon quarterly profit doubles as cloud business grows - The Untold Story

While Amazon's AWS cloud computing unit is investing in an AI-infused future, the tech titan is still under pressure to rake in money from online retail and ads (Credit: AFP)

Amazon reported Thursday its profit in the recently ended quarter doubled to $13.5 billion with the help of renewed momentum of its AWS cloud computing business.

The e-commerce giant's sales of $148 billion fell just shy of lofty market expectations, however, and shares slid more than four percent to $176.50 in after-market trades.

Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.