Amazon delivers record profits on gains in Cloud, advertising


  • TECH
  • Sunday, 28 Apr 2019

Analysts pointed out that Amazon is increasing its digital advertising revenues.

Amazon last week delivered record profits for the first quarter, fueled by gains in Cloud computing and new business segments for the US technology colossus.

Net profit in the quarter more than doubled from the same period last year to US$3.6bil (RM14.8bil), extending Amazon's trend of rising profitability.

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