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The Independent UK

National

Haleluya Hadero

Amazon stocks surge after Q1 revenue, profit wins

Amazon AWS Andy Jassy

Copyright 2017 The Associated Press. All rights reserved.

Amazon on Thursday reported a continuing slowdown in its cloud computing unit AWS but stronger than expected revenue and profits for the first quarter sent its stocks higher in after-hours trading.

The Seattle-based company said it pulled in $127.4 billion in revenue for the January-March quarter, a 9% growth compared to the $116.4 billion it reported during the same period last year. Analysts surveyed by FactSet had expected $124.6 billion.

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