Amazon Records $3.2 Billion in Quarterly Profits as Revenue Climbs 9 Percent on Back of Cloud, Ads Units

Amazon Records $3.2 Billion in Quarterly Profits as Revenue Climbs 9 Percent on Back of Cloud, Ads Units
Online retail titan Amazon on Thursday reported that its cloud and ads units helped it beat earnings expectations in the first quarter of this year despite shoppers and businesses being more careful about spending.