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Technology Stocks : Investing in Exponential Growth

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From: Paul H. Christiansen	7/29/2016 10:26:14 AM
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Amazon's Cloud Business Stuns Again Amazon’s cloud computing business continues to grow at a clip that seems to defy gravity. For the second quarter ending in June, this critical piece of Amazon business saw sales rise just over 58% to $2.89 billion from $1.8 billion for the year-ago period. Operating income—minus stock-based compensation—was up 129% to $863 million from $391 million a year ago. And, operating expenses were up 41% to $2 billion from $1.4 billion. That all is very impressive, although some might quibble that this sales growth didn’t quite match up to the first quarter, in which AWS sales grew 64% year over year. Still, not bad for a business that, just a few years ago, was considered to be a loss leader for the retail giant. Amazon AMZN 0.99% only started breaking out its AWS financial results last year. fortune.com

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