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Amazon's profits grow more than 800%, lifted by cloud services

It is now the leader in cloud computing, ahead of Microsoft and Google
Saturday, July 30, 2016 - 05:50
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ROOM FOR GROWTH: Amazon will open 18 new warehouses from which it processes customer orders in the third quarter of this year.

Seattle

FOR most of its life, Amazon sacrificed profits if it could build another few warehouses to ship orders to customers more quickly or find some other investment to fuel its growth.

Now, it cannot avoid showing big profits thanks to the lucrative cloud computing business in