A couple of weeks ago Amazon announced its quarterly numbers. As has been the case over the past year or so, the numbers looked good. Really good. Derided for years as aprofitless company propped up by investor largesse, Amazon grew its revenues by 31 percent, from $23.9 billion to $30.4 billion, while profits leapt 832 percent, from $92 million to $857 million.
Most of the profit came from AWS: on $2.88 billion in revenues, AWS reported $718 million in operating income.
