Amazon shares jumped in after-hours trading following a strong earnings report that beat analyst expectations. The company’s cloud computing division, Amazon Web Services (AWS), continued to be a major driver of revenue growth, while e-commerce sales also showed robust gains.

Key Highlights from the Earnings Report

• Revenue increased by 17% year-over-year.
• AWS revenue grew by 37%.
• North America sales increased by 16%.
• International sales increased by 9%.

Analysts noted that Amazon’s investments in new technologies and its expansion into new markets are paying off. The company’s focus on customer satisfaction and its ability to innovate are also seen as key factors in its success.

Future Outlook

Amazon’s management expressed optimism about the company’s future prospects, citing continued growth in e-commerce and cloud computing. The company is also investing heavily in artificial intelligence and machine learning, which are expected to drive further innovation and growth in the years to come.