Amazon Web Services exceeds expectations: quarterly sales exceed $25 billion for the first time

Amazon Web Services exceeds expectations: quarterly sales exceed $25 billion for the first time

Amazon recently reported its financial results and exceeded expectations. The performance of Amazon Web Services, the cloud computing division, was particularly positive. Growth here has accelerated significantly, resulting in quarterly sales of over $25 billion. The division is on track to achieve annual sales of more than $100 billion. This news was well received by investors in the financial markets, which was reflected in a temporary increase in the share price of more than 2 percent. Amazon shares have risen over 70 percent in the last twelve months, putting them near their all-time high.