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Saturday, 25 July 2015 - 7:37
Amazon revenue beats
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Amazon.com Incorporation’s first-quarter revenue grew more than expected as rising sales in North America and its growing cloud-computing services unit offset new business investments, boosting its shares nearly 7 percent.

The e-commerce company for the first time broke out financial details of its secretive cloud computing unit, Amazon Web Services, on Thursday, saying revenue jumped almost 50 percent to 1.57 billion dollars, or about 7 percent of total revenue.

The unit's operating income grew 8 percent to 265 million dollars.

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