back to article Embarrassed Amazon admits to actually MAKING MONEY as cloud biz blooms

Wall Street got a nasty Q2 shock today from Amazon, which announced an unexpected profit driven largely by its cloudy AWS business. Total net sales for the three months ending on June 30 were $23.19bn, a 19.9 per cent year-on-year gain that ran right past financial analysts' estimates. But the real surprise was that the …

  1. Chairo

    Amazon making money?

    Next you'll tell us they are paying taxes...

  2. Charlie Clark Silver badge

    Split the company

    Sell-off the moving of physical product and concentrate on the digital services and AWS.

    1. DuncanL

      Re: Split the company

      Why? All the R&D that drives AWS (and it's profits) came about as a direct result of needing to support the box shifting. Which then provides savings and new products (Prime Video) etc back to the selling arm. An ideal system driving both parts forward. Split it up and you end up losing all that synergy (in the non joss-stick & whale song sense).

POST COMMENT House rules

Not a member of The Register? Create a new account here.

  • Enter your comment

  • Add an icon

Anonymous cowards cannot choose their icon

Biting the hand that feeds IT © 1998–2022