Amazon Reports Strong Q3 Performance with Accelerated AWS Growth and Higher Operating Income
Amazon reported strong financial results for its second fiscal quarter, driven by accelerated growth in Amazon Web Services (AWS) and higher-than-expected revenue. North American revenue rose to $116.2 billion, surpassing the consensus estimate of $113.9 billion, while international sales reached $42.2 billion against a forecast of $42.7 billion. The company's shares gained in postmarket trading following the earnings release. The performance highlights Amazon’s resilience amid macroeconomic challenges and underscores continued demand for its cloud computing services. AWS growth has been particularly robust, contributing significantly to overall revenue gains and improved operating income.
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Topics: earnings international revenue North America revenue growth