Driven in part by digital transformations related to Covid-19, Amazon Web Services reported $11.6 billion in Q3 revenue, which was an increase of almost 29% from the same quarter a year ago.
While parent company Amazon posted solid Q3 numbers due to selling more goods during the Covid-19 pandemic, Amazon Web Services accounted for more than $3.5 billion of Amazon’s nearly $6.2 billion in operating income in the quarter.
Amazon’s sales grew 37% to $96.1 billion in the third quarter, which, in addition to Covid-19, was partially driven by early holiday shoppers. Net profit roughly tripled to $6.33 billion.
