TNW | Amazon
AWS grows 39% and Amazon will spend even more on AI in 2027
Andy Jassy says Amazon could have two businesses with $1tn in annual revenue within a decade. The Amazon Q3 earnings also showed its highest operating margin yet, 13.9%.
Via TNW | Amazon
·Excerpt
Amazon’s free cash flow fell to minus $42.4bn over the 12 months to September. Spending on AI drove most of the drop, the company said on Thursday. A year earlier it was a positive $14.8bn.
The Amazon Q3 earnings showed revenue up 12% to $201.9bn and operating income up to $28.1bn, from $17.4bn a year earlier. Its operating margin of 13.9% was the highest Amazon has ever reported. Purchases of property and equipment rose by $94.8bn over the 12 months…
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