Amazon Sales Jump 17% to $181.5 Billion, Fueled by Cloud and Advertising

Amazon (NASDAQ: AMZN) reported first-quarter financial results after the market close on April 29.

Net sales reached $181.5 billion, a 17% increase from $155.7 billion the previous year. The total revenue surpassed analyst expectations. Net sales grew 15% when excluding favorable foreign exchange impacts.

North America segment sales increased 12% year-over-year to $104.1 billion. International segment sales rose 19% to $39.8 billion.

Investors analyzed the April 30 report to gauge consumer health and discretionary spending. Cloud computing and advertising segments remained the primary profit engines for the company.