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Amazon Delivers $8 Billion Profit Even as Infrastructure Costs Mount

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Net sales increased 44 percent to $108.5 billion in the first quarter, compared with $75.5 billion in first quarter 2020, and coming in above Amazon’s initial guidance of $100 million to $106 million.
CREDIT: Nathan Denette/The Canadian Press via Associated Press

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Mere months before Jeff Bezos abdicates his post as CEO, Amazon showed no sign of slowing down. The tech giant hit another milestone in its first quarter, breaking $8 billion in net income for the first time. Net sales increased 44 percent to $108.5 billion in the first quarter, compared with $75.5 billion in first…

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