Scalper1 News
The higher-than-expected profitability of Amazon.com’s cloud computing business sent its stock to a new high Friday and rippled through the IT industry. Microsoft shares also jumped on upbeat views for its cloud business, Azure. Late Thursday, Amazon (AMZN) reported financials for Amazon Web Services (AWS), its cloud services unit, for the first time. Q1 revenue for AWS rose 49% from the year-earlier quarter to $1.57 billion, with net income of Scalper1 News
Scalper1 News