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The Hindu
Amazon beats expectations with cloud and AI growth
Amazon has reported impressive growth in its revenue and sales for the second quarter, driven by significant expansions in its cloud and AI divisions. The company's overall revenue climbed to over $200 billion, marking a 20% increase compared to the previous year, with Amazon Web Services experiencing a remarkable 37% growth, amounting to $42.2 billion. The strong performance in AI and cloud computing underscores Amazon's strategy of investing heavily in these fields, positioning the company favorably in the tech sector.
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Published 31 Jul 2026, 05:35 UTC2 min read
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Summary
TL;DR
- Amazon's revenue increased 20% year-over-year to over $200 billion.
- AWS experienced a 37% growth to reach $42.2 billion.
- Two AI divisions saw triple-digit percentage growth in revenue.
- Amazon plans to increase its capital expenditures to $220 billion this year.
- The stock surged by over 7% in after-hours trading.
Interesting facts
- AWS is projected to potentially become a trillion-dollar business.
- Amazon has partnerships with AI developers like OpenAI and Anthropic.
- Amazon developed its own AI models named Nova, although development is reportedly winding down.