(Reuters) -Amazon com defeated market quotes for quarterly earnings on Thursday, improved by solid development in its cloud solutions device many thanks to expanding business invest in AI.
Shares of the business were up 6% in prolonged trading.
Amazon Web Services, the business’s cloud organization, reported a 19% rise in sales to $27.5 billion, according to quotes, according to LSEG information.
The increase at the leading cloud supplier compares to a 33% dive at Microsoft’s Azure and a 35% rise at Google Cloud for the July-September quarter.
Seattle- based Amazon claimed sales in its North America sector climbed 9% to $95.5 billion in the 3rd quarter.
It reported incomes of $1.43 per share, compared to assumptions of $1.14 per share.
The business reported earnings of $158.9 billion in the 3rd quarter finished September, compared to experts’ typical quote of $157.20 billion, according to LSEG information.
(Reporting by Deborah Sophia in Bengaluru; Editing by David Gregorio)
