Amazon posts record $2.5bn profit fueled by ad and cloud businesses

Amazon posts record $2.5bn profit fueled by ad and cloud businesses

5 years ago
Anonymous $RBasgWKaIV

https://www.theguardian.com/technology/2018/jul/26/amazon-profit-second-quarter-2018-advertising-cloud

Shares climb following results that were twice what analysts expected, as revenue grows 39% to $53bn

Amazon posted a record profit of $2.5bn in the second quarter of 2018, thanks to strong performance by the retail giant’s non-retail divisions – advertising and cloud-computing, the company announced Thursday,