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Amazon said that profit in the three months through December surged to $10.6 billion

Amazon said that profit in the three months through December surged to $10.6 billion, its strongest level in two years—from a meager $278 million in the same quarter the previous year. Revenue rose 14% to $170 billion. Sales in the Amazon Web Services cloud-computing arm, a critically important profit center for Amazon, increased 13% in the fourth quarter to $24.2 billion, matching expectations. The division’s operating profit rose nearly 38%.

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