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Overall, Amazon has ended its fiscal year on a positive note. However, there is now a clear divergence in performance between the top and bottom lines – with the latter accelerating and the former decelerating.
On the profit front, Amazon’s results are impressive. Net income increased by 63.1% and operating income by 78.0%. Much of this is coming from the Amazon Web Services segment, where income from operations rose by 61%. However, some credit should also go to the North American operation where volume increases helped ease up operating profits by 33%. . . . more