Tech titan Amazon says profit surged to $9.9 bn as sales grew

San Francisco (AFP) – Online retail colossus Amazon on Thursday reported profit of $9.9 billion in the recently ended quarter on growing sales and more efficient deliveries. Sales reached $143.1 billion in the recently ended quarter, up 13 percent from the same period last year, according to Amazon. “We had a strong third quarter as our cost to serve and speed of delivery in our Stores business took another step forward,” said Amazon chief executive Andy Jassy, adding its ad business grew “robustly” and AWS cloud computing business “continued to stabilize.” Amazon earnings “soared past expecta…

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