Amazon on a profits streak

Amazon’s AWS unit — which sells data storage and computing power to internet companies big and small — grew 58 percent in the quarter to nearly $2.9 billion in revenue.

The unit is both its fastest-growing and most-profitable; it accounted for 56 percent of Amazon’s operating income in the quarter. But it is growing slower than it once did. Its 58 percent growth rate in the second quarter compares to 64 percent year-over-year growth in the first quarter, and 69 percent in the fourth quarter.…

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