Amazon will keep on raising its cloud spending

Reblogged from GigaOM:

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Amazon(s amzn) didn't wow the street with its second-quarter earnings news but the company will definitely keep investing in its cloud infrastructure. For its upcoming third quarter, it plans to spend a healthy $800 million to $900 million in capex money on technology, Amazon CFO Tom Szkutak told analysts on the company's earnings call.

That's up considerably from the $657 million Amazon devoted to buying fixed assets "including internal-use software and website development" technology for the just-closed second quarter.

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