Amazon Sees Surging Growth After Postpandemic Slowdown
Amazon.com Inc. reported surging growth as the tech giant rebounded from stagnant sales after a postpandemic slowdown.
The company’s first-quarter sales increased by 9% year-over-year to $127.4 billion, beating Wall Street projections. It posted $3.2 billion in quarterly profit, almost 50% higher than analysts expected.
Amazon.com Inc. reported surging growth as the tech giant rebounded from stagnant sales after a postpandemic slowdown.
The company’s first-quarter sales increased by 9% year-over-year to $127.4 billion, beating Wall Street projections. It posted $3.2 billion in quarterly profit, almost 50% higher than analysts expected.