How an Accounting Tweak Will Make Amazon's Most Profitable Business Even More Profitable
Amazon (NASDAQ: AMZN) reported blockbuster fourth-quarter results last week, sending the e-commerce giant's market cap back above $1 trillion. The move higher was fueled by heavy investments in one-day delivery that are already starting to pay off. As usual, the Amazon Web Services (AWS) cloud infrastructure business carried overall profitability, representing two-thirds of the company's total operating income during the quarter.
CFO Brian Olsavsky also disclosed that AWS is about to get even more profitable.
Image source: Getty Images.
Source Fool.com
