Amazon’s cloud and retail booming
 

Amazon retail and cloud computing sales rose in the first quarter, better than what the cocaine nose jobs of Wall Street predicted.

The online bookseller said sales rose 23 percent to $35.7 billion, just beating analysts’ average estimate of $35.3 billion.

More fees from Amazon’s Prime shopping club and media streaming services, along with growing advertising revenue, also boosted results.

Profit, which has traditionally been fleeting at a company that focused on growth, was also ahead of expectations. Net income rose 41 percent to $724 million, or $1.48 per share, marking the eighth straight quarter that the company posted a net profit. Analysts on average were expecting $1.12 per share.

http://www.techeye.net/business/amaz...retail-booming