Amazon’s Strong Q2 Performance Driven by AWS Growth
Amazon (NASDAQ: AMZN) reported a significant boost in its second quarter earnings, largely thanks to its AWS (Amazon Web Services) division, which achieved a remarkable operating margin of 39%. In contrast, Amazon’s North American commerce segment generated $116 billion in revenue but only produced $9.1 billion in operating income, marking a 7.8% margin.
AWS revenue grew by 37% year over year in Q2, and it accounted for 60% of Amazon’s total operating income. As Amazon invests heavily in expanding its data center capabilities, analysts expect AWS to continue driving profits and overall growth for the company in the coming years.
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