Tech
Amazon’s profit is up 38% on strong performance
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Amazon reported unexpectedly strong sales and profit on Thursday across both its consumer and its cloud businesses, and said another robust quarter might be ahead.
The company’s sales totalled $180.2 billion from July through September, up 13% from a year earlier. Profit was $21.2 billion, up 38%. The overall results were buoyed by the enduring strength of consumer spending online, despite tariffs and an uneven economy, and by a resurgence in cloud computing.
“We continue to see strong momentum and growth across Amazon as AI drives meaningful…
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