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Amazon s results show it s firing on all cylinders. it turned in a strong online retail performance and registered higher sales at its cloud computing business. revenue for the second quarter rose ii%. investors liked what they heard. shares in the seattle based company, already up 50% before these earnings this year, rose on the news. now, ahead of the quarterly earnings, there were some concerns about people shopping less because of inflation, but ceo andy jassy s focus on increasing delivery speeds and keeping a lid on the company s costs seemed to pay dividends. its tv showjury duty made emmy history by becoming the first ad based video on demand show to get nominated, while sales of its all important aws unit, which houses its cloud business, rose i2%. following strong performances by the likes of rivals meta and microsoft in this category, this really was a case of the tide lifting all boats. but it also shows that amazon s ....
Earnings, there were some concerns about people shopping less because of inflation. but ceo andy jassy is focused on increasing delivery speeds and keeping a lid on the company s costs seem to pay dividends. it s tv showjury duty made history by becoming the first ad based video on demand show to get nominated, while sales at its all important aws unit, which houses its cloud business, rose 12% following strong performances by the likes of rivals meta and microsoft in this category. this really was a case of the tide lifting all boats, but it also shows that amazon s cloud business is still the king of the jungle, the dominant player, both for the whole industry and also internally. it accounts for 70% of amazon s operating profit this quarter. as for wall street s current obsession with all things ai, well, amazon said it was continuing to develop new technologies to help customers take advantage of generative ai. ....
But ceo andy jassy s focus on increasing delivery speeds and keeping a lid on the company s costs seems to pay dividends. its tv showjury duty made emmy history by becoming the first ad based video on demand show to get nominated, while sales of its all important aws unit, which houses its cloud business, rose i2%. following strong performances by the likes of rivals meta and microsoft in this category, this really was a case of the tide lifting all boats. but it also shows that amazon s cloud business is still the king of thejungle, the dominant player, both for the whole industry and also internally. it accounts for 70% of amazon s operating profit this quarter. as for wall street s current obsession with all things ai, well, amazon said it was continuing to develop new technologies to help customers take advantage of generative ai. take a step back and these numbers show that amazon, along with the other big names in tech, are starting to ....