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Amazon released its first quarter financial report, with operating profit of AU$23.65 billion and revenue reaching AU$221.49 billion, an increase of 13%. Amazon Web Services cloud division’s sales were AU$38.64 billion, an increase of 17%, with profits of AU$15.46 billion, and a profit margin of 37.6%, a record high.
The CFO said the cloud computing business is receiving strong demand signals, especially in the field of artificial intelligence. The company plans to invest A$231.85 billion in the construction and operation of data centers in the next few years. In Australia, AWS has become the service provider of choice for government agencies and major retailers.
(Source: channelnews Image source: unsplash)
