Amazon shares jumped in after-hours trading following the release of the company’s second-quarter results, which beat analyst expectations. The online retail giant reported strong growth in both its e-commerce and cloud computing segments.

Key Highlights

• Revenue increased by 31% year-over-year.
• Amazon Web Services (AWS) continued its rapid expansion.
• North American sales showed robust growth.

The company’s profitability also exceeded forecasts, driven by improved efficiency and cost management. Analysts noted that Amazon’s investments in new technologies and infrastructure are paying off.

AWS Performance

Amazon Web Services, the company’s cloud computing division, remains a key growth driver. AWS reported a significant increase in revenue, solidifying its position as the market leader in cloud infrastructure.

Future Outlook

Amazon’s management expressed optimism about the company’s future prospects, citing continued investments in innovation and expansion into new markets. The company’s focus on customer satisfaction and long-term growth is expected to drive further success.