Amazon Q3 Earnings Release: AWS Growth and Trillion-Dollar Revenue Outlook
AMZN Amazon.com Inc
$259.30 -0.35%
View chart & analysis → - 1Amazon announced third-quarter results with revenue increasing 12% year-over-year.
- 2AWS revenue grew 39% year-over-year, leading growth in the cloud sector.
- 3CEO Andy Jassy stated that e-commerce and AWS will become trillion-dollar businesses within the next 5 to 10 years.
So what's the key point?
Amazon's revenue increased by 12% compared to last year. The cloud business is performing well and is expected to grow into a much larger scale business in the future.
Source The Motley Fool +1 · View original ↗
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