Amazon (AMZN)’s cloud unit, Amazon Web Services (AWS), continues to see growth for its third consecutive quarter as customers go all in on A.I. During the April-June quarter, AWS brought in $26.3 billion in revenue, up 19 percent from a year ago, and projects it will generate $105 billion in revenue within a year. AWS’s operating profit jumped 73 percent to $9.3 billion, making up the bulk of Amazon’s earnings following its North America retail sales. During the quarter, Amazon generated $148 billion in total revenue, missing Wall Street expectations, and $13.5 billion in net income, or $1.26 a share, beating estimates.
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