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Geek Wire
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Amazon’s quarterly profits soar to a record $20 billion, but cloud growth comes up short
- Amazon reported quarterly profits of over $20 billion, up 88% from last year.
- Amazon's net sales reached $187.8 billion, with earnings of $1.86 per share.
- Amazon Web Services (AWS) had sales of $28.8 billion, slightly lower than expected.
- AWS operating profits accounted for more than 50% of Amazon's overall operating profits.
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