Amazons profit engines are humming, cushioning the blow from the retail slowdown

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Andy Jassy, CEO of Amazon Web Services, speaks at the 2019 CERAWeek by IHS Markit conference in Houston, Texas, on March 11, 2019. Amazon just reported its slowest revenue growth in over four years and missed estimates. Thats because cloud computing and advertising, the areas where Amazon generates the heftiest profits, showed rapid expansion. Amazon also surprised investors by breaking out advertising as a separate business for the first time. Until now, Amazon has grouped ads into its "other" business segment, leaving analysts and investors guessing about its size.

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