AWS Q2: $26.3B Revenue, $9.3B Profit, Plans Major AI Investments

📅 August 2, 2024 - Amazon Web Services (AWS)has played a pivotal role in Amazon's impressive financial performance in Q2 2024, driven by the growing demand for artificial intelligence (AI) and related technologies. AWS reported an operating profit of $9.3 billion and revenues of $26.28 billion, surpassing analyst expectations. This marks a significant 19% increase in sales from the previous year, with operating income rising sharply from $5.4 billion in Q2 2023.

The impact of AWS on Amazons overall financial health is substantial, contributing to 63% of the company's overall income and 18% of total revenues. This would underscore the critical role that AWS plays in Amazons broader business [...][... Check source for end of article ...]

Tags: AI

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Company: Amazon Web Services (AWS)

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