This Key Metric Means Amazon's Strategy is Working -- For Now
Amazon Web Services (AWS) segment continues to grow in importance for Amazon's (NASDAQ: AMZN) overall bottom line. For example, in Amazon's third quarter, AWS's operating margin (segment net sales minus operating expenses) came in at $1.17 billion, up from $861 million in the year-ago quarter. Better yet, these results were on total revenues of just $4.58 billion.
Amazon's North American retail segment, on the other hand, reported revenues of $25.45 billion and operating income of just $112 million (down from Q3 2016's $255 million).
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Source: Fool.com
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