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Amazon’s cloud business continues upward march

July 29, 2016

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Amazon reported another surge in revenue for its cloud business last quarter, though the growth is slowing as the division gets bigger.

Amazon Web Services revenue for the second quarter was $2.87 billion, up 58 percent from the same period in 2015, Amazonannounced Thursday. Operating profit was $863 million, up from $391 million a year earlier.

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