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This is why Amazon Web Services is growing so much

Marielle Segarra Jul 27, 2018
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This illustration picture taken on April 29, 2018, shows the logo of Amazon displayed on a screen and reflected on a tablet in Paris.
LIONEL BONAVENTURE/AFP/Getty Images

Amazon reported some blockbuster numbers this week, with quarterly profits of $2.5 billion — a nearly 1,200 percent increase over this time last year. When you think of Amazon, you probably think of its giant online store where you buy a year’s worth of paper towels or order groceries delivered to your house. But one of the biggest moneymakers for Amazon has nothing to do with its retail operations. It’s a segment of the business called Amazon Web Services.

Click the audio player above to hear the full story. 

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