Much of Amazon’s sunny Thursday earnings report for the third quarter of 2015 can be traced back to its Web Services cloud division.
AWS brought in $ 2.09 billion in sales in the quarter ended Sept. 30, representing a jump of 78 percent over the same period last year. With an operating profit of $ 521 million — up from just $ 98 million a year earlier — the unit’s operating profit margin was 25 percent for the quarter, up from 21 percent in Q2 and 17 percent in Q1.
Overall, Amazon beat analyst expectations with $ 25.4 billion in net sales and a profit of $ 79 million, or 17 cents cents per share. Analysts polled by Thomson Reuters were expecting a loss of 13 cents per share on sales of $ 24.91 billion.