Amazon posted mixed fourth quarter results, exceeding earnings expectations but falling short on revenue. Amazon Web Services had yet another stellar quarter, with an operating income that surpassed Amazon’s North American e-commerce business.
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Amazon executives said they’re continuing to see growth across all sectors of its AWS business, including SMBs, large enterprises and the public sector. It’s now in 42 availability zones in 16 geographic regions, and Amazon says it will continue to grow that business globally.
AWS had seven price cuts in Q4, and that will continue to be a “constant” in the business, Amazon said, as well as creating new functionality for customers. AWS introduced more than 1,000 new services and features in 2016, compared with around 700 in 2015.
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