(Reuters) -Amazon com defeated market quotes for quarterly earnings on Thursday, improved by strong growth in its cloud options machine many because of increasing enterprise spend money on AI.
Shares of the enterprise have been up 6% in extended buying and selling.
Amazon Web Services, the enterprise’s cloud group, reported a 19% rise in gross sales to $27.5 billion, based on quotes, based on LSEG data.
The improve on the main cloud provider compares to a 33% dive at Microsoft’s Azure and a 35% rise at Google Cloud for the July-September quarter.
Seattle- based mostly Amazon claimed gross sales in its North America sector climbed 9% to $95.5 billion within the third quarter.
It reported incomes of $1.43 per share, in comparison with assumptions of $1.14 per share.
The enterprise reported earnings of $158.9 billion within the third quarter completed September, in comparison with consultants’ typical quote of $157.20 billion, based on LSEG data.
(Reporting by Deborah Sophia in Bengaluru; Editing by David Gregorio)
