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AWS boosts AI revenue, leads the cloud market in Q3
Amazon Web Services reported a 19% boost in revenue during the third quarter, totaling US$27.45 billion.
This was slightly below analyst projections of US$27.52 billion, based on StreetAccount figures.
AWS has shown revenue growth for five straight quarters, which is particularly notable in its AI offerings.
In the third quarter, AWS reported US$10.45 billion in operating income. This accounted for 60% of Amazon’s total profit.
