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Amazon profit surges as AWS sales rise 37%
["Anne D'Innocenzio"]
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(Noah Berger/Getty Images)Key Takeaways: Amazon reported fiscal second-quarter net income of $62.65 billion as net sales rose 20% to $200.6 billion.
AWS sales increased 37%, their fastest growth in 18 quarters, while Amazon’s AI and chips businesses each surpassed $25 billion run rates.
Amazon issued a cautious current-quarter sales outlook as investors weighed its planned $200 billion investment in AI, robotics, semiconductors and satellites.
NEW YORK — Amazon.com Inc. delivered strong profit and net sales during its fiscal second quarter, helped by surging growth in its prominent cloud computing unit.
Net sales rose to $200.6 billion from $167.7 billion in the year-ago period.