Amazon.com Inc reported first-quarter revenue on Thursday that topped Wall Street estimates.
Elastic demand for online shopping and Amazon’s cloud services businesses boosted its revenue.
The online retailer reported a profit of $3.2 billion. Its net sales climbed 9% to $127.4 billion in the March quarter of the year.
Amazon shares rose more than 7% to $117.87 after trading hours on Thursday.
“There’s a lot to like about how our teams are working for customers, especially amid an uncertain economy,” said Andy Jassy, Amazon’s chief executive.
“Our Stores business continues to drive cost-of-service improvements across our fulfillment network while increasing the speed of getting products into the hands of customers,” Jesse said.
In March this year, JC announced plans to cut 9,000 more jobs after laying off 18,000 in January.
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