•1 min read•from TechCrunch
Amazon’s cloud business is surging — and so is its capital spending
Our take
Amazon's cloud business is experiencing significant growth, with its AWS division generating higher-than-expected revenues. This surge in profitability, however, comes alongside increased capital expenditures, as the company invests heavily in expanding its infrastructure and services. According to the chief executive, this trend of robust spending is set to continue in the near term, reflecting Amazon's commitment to maintaining its competitive edge in the cloud market. This dual focus on revenue growth and strategic investment positions Amazon as a formidable player in the evolving tech landscape.
The e-commerce giant is making more money than expected from AWS but it's also spending a lot, and will continue to do so in the near term, its chief executive said.
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