Online & Digital

Amazon beats Q1 expectations but warns of slowed cloud growth

Overall, profits rose to $4.8bn (£3.9bn) in the first quarter, compared with $3.7bn (£3bn) in the first quarter of FY22

Amazon has beaten analysts’ expectations in the first quarter of trading, as revenues rose by 9% to $127.4bn (£102bn) against the $116.4bn (£93.4bn) reported the prior year.

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