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France 24

Business

Bryan QUINN

Amazon results beat estimates but slowing cloud growth rattles investors

Amazon AWS Economic Growth Paraguay Taiwan United States

BUSINESS DAILY © FRANCE 24

Amazon posted higher-than-expected revenues and profits for Q1 2023, but slowing growth in its profit-generating AWS cloud services sector sent shares tumbling after hours. Also in this edition: US economic growth slows sharply in the first quarter, and Paraguay's upcoming election on Sunday could have big geopolitical consequences for Taiwan.

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