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Amazon Web Services (AWS) reported a 19% revenue increase in Q3, totaling $27.45 billion, slightly below analyst expectations. The unit achieved an operating income of $10.45 billion, accounting for 60% of Amazon's overall profit, with a record operating margin of 38%. AWS continues to lead the cloud market, outpacing competitors like Google Cloud and Microsoft Azure.
Naveen Rao
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Amazon Web Services achieves highest profit margin in a decade
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Naveen Rao
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21:52 31.10.2024
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