"Amazon's quarterly financial results on Thursday surpassed analyst expectations, powered by strong revenue growth and record operating income. But it was Amazon Web Services, the company's $110 billion cloud computing business, that really stood out."
"AWS operating income grew 50% year-over-year to $10.4 billion. Meanwhile revenue in the unit rose 19% from the same period a year earlier to $27.5 billion, in line with expectations."
"The robust profits came even as Amazon, like its Big Tech peers, invests heavily on its own AI consumer products while also expanding its offerings of AI services and building blocks to corporate customers."
"There are going to be very healthy margins here over time," Amazon CEO Andy Jassy said during a conference call.
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