Amazon revenue beats, cloud computing more profitable than expected

FULL DISCLOSURE: The e-commerce company for the first time broke out financial details of its secretive cloud computing unit, Amazon Web Services, and said it is continuing to build its Prime delivery business with its one-hour delivery service called Prime Now.

Amazon.com Inc's first-quarter revenue grew more than expected as rising sales in North America and its burgeoning cloud-computing services unit offset new business investments, boosting its shares nearly 7%. 

The e-commerce company for the first time broke out financial details of its secretive cloud computing unit, Amazon Web Services, on April 23, saying revenue jumped almost 50% to US$1.57bil (RM5.66bil), or about 7% of total revenue.