Amazon has reported strong revenue and guidance, reassuring Wall Street with an upbeat forecast for the remainder of the year.
The company’s shares rose over 10% in after-hours trading after the company reined in costs and benefitted from an increased demand in its cloud computing service, AWS.
Amazon said it expected to return to double-digit quarterly revenue growth now that the year-on-year comparisons with the coronavirus pandemic-affected quarters in 2020 and 2021 had passed.
