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Amazon Reports Significant Growth in Q3
Amazon (NASDAQ: AMZN) reported a 13% year-over-year increase in revenue for the third quarter, amounting to over $180 billion. The company’s cloud division, Amazon Web Services (AWS), saw a notable 20.2% growth, generating $33 billion, up from 17.5% in the previous quarter.
Despite flat operating income compared to the prior year, attributable to non-recurring charges, projected operating income (excluding those items) was $21.7 billion, a 25% rise. On the other hand, free cash flow dropped significantly from $50.9 billion to $14.8 billion due to increased capital expenditures related to AI and infrastructure development.
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