Amazon Web Services delivered an operating margin of over 38%, the highest since at least 2014.

Amazon.com beat market estimates for quarterly revenue on Thursday, boosted by strong growth in its cloud services unit thanks to growing enterprise spend on AI. Shares of the company were up 6 per cent in extended trading.Amazon Web Services, the company's cloud business, reported a 19 per cent in

Amazon which recently struck a $2 billion deal with the Australian government to build a “top secret” cloud service for the country’s intelligence services, has seen its cloud business – as well as e-commerce division – being the main growth drivers in its most recent quarter. The Amazon Web Services cloud division, which is also... Read More