Thursday, April 28, 2016

Amazon Posts Strong Profit, Thanks to Its Cloud - The New York Times

Later in the article: "For the time being, it has clearly chosen to produce profits."

"Amazon delivered a blowout quarter on Thursday, joining Facebook as one of the rare bright spots in a technology sector that has recently produced a string of disappointing earnings reports.

Helped by its fast-growing Amazon Web Services business, the company swung to a profit that, for Amazon, qualified as hefty.

The company’s shares jumped more than 12 percent in after-hours trading."
Amazon Posts Strong Profit, Thanks to Its Cloud - The New York Times
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