Friday, October 27, 2017

Amazon soars on big revenue growth

Amazon’s third quarter blew past market expectations as the online giant benefited from a $1 billion-plus sales infusion from Whole Foods Market and a revenue surge in its cloud computing business.

Amazon’s net sales increased 34% to a better-than-expected $43.7 billion in the quarter ended Sept. 30, compared with $32.7 billion last year. The results include $1.3 billion from Whole Foods Market, which Amazon acquired in August. Results also include Amazon’s cloud computing division (AWS), where revenue rose to $4.58 billion from $3.2 billion last year.. . . more

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