Amazon’s Profit Soars to Record
By Laura Stevens | Updated July 26, 2018 7:51 p.m. ET
Amazon.com Inc.’s profit topped $2 billion for the first time, powered by the company’s newer services businesses that are ushering the online retail giant into an era of swelling profitability.
Fast-growing areas including the company’s cloud-computing business, advertising offerings and services it provides to sellers on its site helped propel Amazon to its highest profit margin in years as executives said heavy investments are paying off. Those businesses have helped offset its traditional retail business, which tends…
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