Amazon profits surge on strong trading season and cloud computing growth
by Callum Jones from on (#6JAEV)
World's largest retailer clears Wall Street expectations with $170bn revenue as it continued to cut jobs in recent weeks
Profits at Amazon have surged on strong seasonal trading and robust growth in its powerhouse cloud computing business.
The world's largest retailer generated revenue of $170bn in the three months to December, up 14% on the same period of 2022, and clearing expectations on Wall Street of some $166bn.
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