Amazon Projected to Turn a Profit Despite Slowdown in Cloud Services Revenue
Ecommerce giant Amazon.com likely turned a profit in the first quarter even as revenues from its Amazon Web Services (AWS) subsidiary grew at the slowest pace in at least a decade amid increased competition from rival cloud providers.
Ecommerce giant Amazon.com likely turned a profit in the first quarter even as revenues from its Amazon Web Services (AWS) subsidiary grew at the slowest pace in at least a decade amid increased competition from rival cloud providers.
