Source: Tech – South China Morning PostAmazon posted higher fiscal third quarter profit and sales compared with a year ago, fuelled by accelerating growth in its cloud computing business and strong spending by its customers looking for low prices at a time when inflation is resurging.
The results, announced Thursday, beat Wall Street expectations. The company’s prominent cloud computing arm also surpassed analysts’ expectations, rising 20 per cent. But Amazon issued a cautious sales outlook for the fiscal fourth quarter.
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