Amazon sees strong AWS growth in Q1 results

Amazon Web Services, the jewel in the company's crowd, fared well — despite a brief outage during the quarter.

(Image: file photo)

Amazon on Thursday posted its fiscal first quarter results. And like previous quarters, its cloud business -- Amazon Web Services -- continued to fare well.

The company announced overall net income of $724 million, or $1.48 a share, on revenues of $35.7 billion, up by 23 percent year-over-year.

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Wall Street was looking for earnings of $1.12 per share with $35.3 billion in revenue.

Its operating income fell by 6 percent to $1 billion, compared to $1.1 billion on the same quarter last year.

The star of the show was Amazon Web Services (AWS), which gained greater strength during the quarter, as as expected -- even if it did have an hours-long hiccup during the quarter, which was later attributed to a simple typo.

The cloud service earned $3.66 billion in revenue, up 43 percent year-over-year, while its operating income landed in at $890 million -- compared to Amazon's North American e-commerce business which made $596 million.

Amazon said its international sales came in at $11.06 billion, up from $9.56 billion in the year-ago quarter.

For its second quarter outlook, Amazon said is expecting between 33.2 billion and 37.7 billion, with operating income expected to land between $425 million and $1.07 billion.

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