Amazon Reaches All-Time High, Discloses Amazon Web Services Figures

April 24, 2015 4:05 PM

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Amazon Reaches All-Time High, Discloses Amazon Web Services Figures

Amazon.com (AMZN), the e-commerce powerhouse, is solidly higher in early trading, up over 15% to around $450 per share, after reporting stronger-than-expected 1Q sales results. The current price eclipses its previous high of $408.06 set in January of 2014. Amazon reported solid 1Q net sales that increased 15% to 22.72 billion from a year ago.

Of particular interest in the sales figure was the fact that Amazon revealed numbers for its Amazon Web Services (AWS) unit for the first time. The unit, which provides cloud computing and other services to companies such as Netflix (NFLX), reported Q1 sales of $1.566 billion vs. $1.055 billion a ye...

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