AMA­ZON SHOOTS THE LIGHTS OUT

Finweek English Edition - - THE WEEK -

Ama­zon re­ported net in­come of $513m in the March quar­ter on rev­enue of $29.13bn, the most prof­itable quar­ter in its 22-year his­tory, ny­times.com re­ported. The com­pany, best known for its on­line re­tail ser­vices, was boosted by its fast-grow­ing Ama­zon Web Ser­vices busi­ness, which of­fers cloud­com­put­ing ser­vices and is the big­gest source of the group’s prof­its. The re­sults beat an­a­lyst ex­pec­ta­tions and made Ama­zon, along with Face­book, one of the rare bright spots in a tech­nol­ogy sec­tor that has re­cently re­ported dis­ap­point­ing re­sults, ny­times.com re­ported.

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