SAN FRANCISCO: Amazon on Thursday reported that profit in the first quarter of this year more than doubled to $3.6 billion on booming e-commerce and cloud computing revenue.
Overall revenues for the technology giant rose 17 percent to $59.7 billion, according to the update which topped most analyst forecasts.
The Seattle-based company said that revenue from online sales was up 10 percent billion while money taken in from subscription services and Amazon Web Services cloud platform leapt some 40 percent to $4.3 billion and $7.7 billion respectively.
Shares in Amazon -- which has expanded from its origins in e-commerce to cloud services, streaming media, artificial intelligence and brick-and-mortar grocery stores -- were up less than a percent to $1,915 in after-market trades that followed release of the earnings figures.
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