Amazon.com Inc has reported a 29 per cent rise in quarterly revenue, boosted by a big jump in sales from its Prime Day annual shopping festival, strong back-to-school shopping and its market-leading cloud services business.
The world's biggest online retailer said its net sales rose to $US32.71 billion in third quarter ended September 30 from $US25.36 billion a year earlier. Analysts had expected net sales of $US32.69 billion, according to Thomson Reuters I/B/E/S.
Amazon's net income rose to $US252 million, or 52 cents per share, from $US79 million, or 17 cents per share, a year earlier, marking the company's sixth straight profitable quarter.
Revenue from Amazon Web Services, the company's cloud services business, surged 55 per cent to $US3.23 billion, beating the average estimate of $US3.19 billion, according to market research firm FactSet StreetAccount.
Amazon said in July that customers placed 60 per cent more orders worldwide in its second Prime Day sale despite technical glitches but it did not provide sales figures at the time.
