Comment on Amazon's cloud business is a profit juggernaut, but it isn't growing as fast as it used to (AMZN)

Amazon's cloud business is a profit juggernaut, but it isn't growing as fast as it used to (AMZN)

Matt WeinbergerAmazon just announced yet another killer quarter for its profitable cloud computing unit, Amazon Web Services. It brought in $3.66 billion of revenue for the first quarter, compared to $2.57 billion in the year-ago first quarter. This remains Amazon's most profitable business unit. Q1 profits came in at $890 million, out of Amazon's total operating profit of just over $1 billion.

 

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