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Amazon posts most profitable quarter in 22-year history

Cloud computing boosts Q1 net income to US$513m; share price jumps more than 12%

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ROOM TO GROW: Last year, Amazon hit US$100 billion in annual sales and investors believe the company can become bigger because online commerce represents a relatively small part of total retail sales.

Seattle

AMAZON delivered a blowout quarter, joining Facebook as one of the rare bright spots in a technology sector that has recently produced a string of disappointing earnings reports.

Helped by its fast-growing Amazon Web Services business, the company jumped to the most