Amazon's Cloud Business Grows 36%, Slightly Slower From Last Quarter
Were it not for Amazon Web Services, Amazon's overall business would be more unprofitable.cloud unit grew 36.5% year over year in the first quarter, a bit faster than analysts projected. But Amazon shares were down about 9% in after-hours trading, as investors took in the retailer's $3.8 billion overall net loss.
The result points to lighter but still brisk demand for computing, storage and database services delivered from faraway server farms. Amazon Web Services' revenue growth slowed from 39.5% in
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