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AMZN
CNBC
64 days

Amazon's cloud unit records highest profit margin in at least a decade

1. AWS revenue increased 19% to $27.45 billion, slightly missing estimates. 2. AWS profit margin reached 38%, highest since at least 2014. 3. AWS remains the leader in cloud services over Google and Microsoft. 4. Analysts predict continued growth despite recent service discontinuations. 5. Oracle plans to bring its database services to AWS for integration.

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FAQ

Why Bullish?

AWS's strong revenue and operating income indicate solid performance, impacting investor confidence positively.

How important is it?

AWS revenue results are crucial for AMZN, affecting overall market perception and stock performance.

Why Long Term?

Sustained growth in AWS and expanding partnerships may lead to long-term profitability for AMZN.

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