Amazon's Cloud-Profit Margin Just Tumbled

Amazon's Cloud-Profit Margin Just Tumbled

Amazon's (NASDAQ: AMZN) cloud-computing business is a monster. Amazon Web Services (AWS) scoops up around one-third of global spending on infrastructure-as-a-service and platform-as-a-service, and it's become a mission critical provider to many of its customers. Free from managing their own servers, AWS customers can scale their infrastructure quickly and painlessly.