AWS fourth-quarter revenue grew 69% year-over-year, a deceleration from 78% growth in the third quarter and 82% in the second quarter. The AWS division generated $687 million in operating income during the quarter, and almost $1.9 billion over the full year. It represented about 40% of Amazon’s fourth-quarter consolidated-segment operating income, despite only generating 7% of the company’s sales. Another way of looking at it: AWS generated about two-thirds as much operating income during the fourth quarter ($687 million) as Amazon’s entire North America e-commerce business ($1 billion).
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