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AWS tops $10B in quarterly operating profits as Jassy cites ‘reacceleration’ of cloud business

  • Amazon Web Services (AWS) achieved over $10 billion in operating income in the third quarter, accounting for more than 60% of Amazon's overall operating profits.
  • AWS revenue rose by 19% to $27.4 billion in the quarter, indicating significant growth.
  • AWS CEO Andy Jassy attributed the reacceleration of AWS growth to customers focusing on modernizing their infrastructure, saving costs, and enabling generative AI at scale.
  • AWS operating margin reached a new high of 38.1% in the quarter, surpassing competitors such as Google Cloud and Microsoft Azure.

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