Amazon revenue beats, cloud computing more profitable than expected

April 24, 2015 admin after-closing, amazon, brooklyn, cloud-computing, computer-screen, data, its-secretive, man-typing, nasdaq-chief, obama, picture, shares-rose, slightly-higher, white, woman-holds

The e-commerce company for the first time broke out financial details of its secretive cloud computing unit, Amazon Web Services, on Thursday, saying revenue jumped almost 50 percent to $1.57 billion, or about 7 percent of total revenue. The unit's operating income grew 8 percent to $265 million.

Read more here:
Amazon revenue beats, cloud computing more profitable than expected