NEW YORK (S&P Global Ratings) Oct. 25, 2019--S&P Global Ratings said today that Amazon.com Inc.'s (AA-/Stable/A-1+) third-quarter results demonstrated accelerating topline growth (25%), reflecting the company's solid execution on its key strategies, including successful Prime Day(s), expanded one-day delivery, and continued sizable Amazon Web Services (AWS) growth in the quarter (35%), although investments in delivery dampened profitability. We expect year-over-year revenue growth will remain in line with our base-case expectation of about 20%. As Amazon expands its one-day delivery and invests more in shipping-related cost and capital expenditure, we expect limited profitability improvement in the retail operations in the next several quarters. However, early indications are that customers are responding well and we believe this is an important step for
