Amazon Shares Rise as Cloud Business Reports 37% Growth
UKPulse Money Desk
Amazon's shares have surged following a 37% growth in its cloud business during the quarter ending in June. The company's capital expenditure for the group reached $53 billion in the same period.
- Amazon shares have surged.
- The cloud business grew by 37% in the quarter ending June.
- Capital expenditure for the group climbed to $53 billion in the June quarter.
Amazon's shares have seen a surge after its cloud business recorded a 37% growth in the quarter that concluded in June. This growth contributed to the overall performance of the company.
During the same quarter, Amazon's capital expenditure across the entire group increased, reaching a total of $53 billion.