Amazon surged nearly 9% in after-hours trading after reporting stronger than expected second quarter results. Revenue reached $200.6 billion, up 20% year over year. Amazon Web Services generated $42.2 billion in revenue, rising 37% and marking its fastest growth in 18 quarters. Operating income climbed 43% to $27.5 billion, with AWS delivering a 39.4% operating margin. Advertising revenue jumped 26% to $19.8 billion.
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