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The group's profitability is based on its hosting services (the cloud) and its advertising revenues
Better to be a shareholder of Amazon than of Facebook these days. For the first time, the group led by Jeff Bezos, just crossed the $ 2.5 billion mark of profits earned in a single quarter. Sales over the same period reached $ 52.9 billion, up 39%. In comparison, the e-commerce giant had recorded throughout the year 2017 – the best in its history – only $ 3 billion in profits for 178 billion turnover. 19659003] This profitability is based on two engines, which are not the core business of Amazon, the online business: hosting services (the "cloud") and advertising revenue. The most powerful engine is Amazon Web Services (AWS), which now accounts for 10% of the group's business but generates more than half of its operating profit in the second quarter. Between April and June, AWS sales jumped by 49% …
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