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Big Tech Earnings: Amazon profits triple on cloud and e-commerce boosts

Follow the IC’s coverage of this season’s tech earnings
Big Tech Earnings: Amazon profits triple on cloud and e-commerce boosts

Good morning and welcome to the IC’s coverage of this quarter’s big tech results. We’ll be looking at Amazon’s (US:AMZN) earnings today, capping off a stellar earnings season for Silicon Valley. You can scroll down to find our analysis of Apple (US:AAPL) and Facebook (US:FB) yesterday, and Microsoft (US:MSFT) and Alphabet’s (US:GOOGL) numbers from earlier this week. Read Julian Hoffman’s take on Tesla’s (US:TSLA) results here.  

Amazon profits triple on cloud and e-commerce boosts

Amazon is not letting go of its winning streak. Last night the behemoth revealed that its net income more than tripled year-on-year to $8.1bn, supported by demand for its e-commerce and cloud computing services. 

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