Amazon's AWS Backlog Climbed to $496 Billion as Its Cloud Margin Reached 39%. The Stock Is Primed to Skyrocket as a Result.
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Amazon's AWS Backlog Climbed to $496 Billion as Its Cloud Margin Reached 39%. The Stock Is Primed to Skyrocket as a Result.

Amazon Web Services now carries a record 496 billion dollars in contracted future business, up sharply from 298 billion dollars one year ago. The cloud division’s operating margin reached 39 percent in the latest quarter, making it by far…