From CNET: Amazon CEO Jeff Bezos has been one of the industry's big spenders as he strives to make the company all things to all people, fashioning Amazon as a grocery store, entertainment producer and device maker.
The company on Thursday reported results for the first three months of 2015 that show Bezos' earliest spending effort -- a business that rents data storage and computing services over the cloud -- is paying for itself.
For the first time, Amazon broke out the financial results for its Amazon Web Services business, which the company launched in 2006. The numbers showed that AWS was by far Amazon's most-profitable business, by operating margin.
"Amazon Web Services is a $5 billion business and still growing fast -- in fact it's accelerating," Bezos said in a statement Thursday.
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