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Amazon Continues to Grow

Amazon continues to make it happen: sales jumped 17% to $59.7 billion and earnings per share almost doubled to $7.09. That is  lot of growth for an already big company.

Amazon has beaten analyst estimates by some margin after net income more than doubled during its first quarter.

According to its first quarter results for the period ending March 31, the online retail giant saw net income grown from $1.6 billion (£1.24 billion) to $3.6 billion (£2.79 billion).

Meanwhile, revenues rose 17 per cent to $59.7 billion (£46.1 billion), hitting the top end of expectations of between $56 billion (£43.3 billion) and $60 billion (£46.5 billion)