Amazon's Full-Year Results 'A Mixed Bag', Says Analyst
While online giant Amazon has ended its fiscal year on a positive note, there is now a "clear divergence" in the performance of its top and bottom lines, "with the latter accelerating and the former decelerating," a leading industry analyst has said.
Neil Saunders of GlobalData Retail was commenting on the back of results that showed Amazon's net income rising by 63.1% and operating income growing by 78.0%.
Much of this growth was driven by AWS, its cloud computing arm, where operating income rose 61%.
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