Amazon delivers record profits on gains in cloud, advertising

Amazon on Thursday 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 $3.6 billion, extending Amazon's trend of rising profitability. Seattle-based Amazon said revenue from online sales was up 10 percent billion while money taken in from subscription services and the Amazon Web Services cloud platform leapt some 40 percent.

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