Amazon rides AI, advertising in first quarter earnings beat

in revenue for the first quarter, a 13% increase from a year ago, and well above analyst expectations.Amazon Web Services , the company's cloud platform fueled by its AI datacenter business, grew 17% year over year.increased to $10.4 billion in the quarter, or $0.98 per diluted share, compared with $3.2 billion, or $0.31 per diluted share, a year ago.

"The combination of companies renewing their infrastructure modernization efforts and the appeal of AWS's AI capabilities is reaccelerating AWS's growth rate," CEO Andy Jassy said in a statement.The company touted its delivery performance in the quarter. Nearly 60% of Prime member orders across the top 60 largest U.S. metro areas arrived the same or next day, Amazon notes.Operating income is expected to be between $10.0 billion and $14.0 billion, compared with $7.

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