Amazon looks increasingly propped up by cloud services

Internet giant Amazon posted a mixed set of Q4 results, but its cloud division AWS clocked 40% growth.
Amazon’s Q4 revenue came in at $137 billion, which was up 9% year on year, while net income was $14.3 billion, up 98%. However operating income decreased to $3.5 billion in the fourth quarter, compared with $6.9 billion in the previous year. Revenue in general was apparently lower than expected but there is still enough investor confidence as shares rose by as much as 17%, according to In