Amazon plans to offer one-day shipping as the new norm

Amazon's profit surges on cloud computing, advertising gains

"We feel like we are doing something very important for the customer".

"We feel like we're doig something very important for the customer and we're trying to take advantage of the fulfillment capacity and the transportation capacity we have".

Olsavsky didn't offer a timeline for the project's roll out, which will begin in the USA, saying "we expect to make steady progress quickly and through the year".

Two-day unlimited shipping is likely Amazon's most popular perk for its Prime members, and it's about to get even better.

As for a timeline, Amazon wouldn't give too many specifics. That's a gain of 21 percent from a year earlier, but well below the pace of the increases seen in recent years. Updated, April 26: Adds more on Amazon's latest earnings and global Prime deliveries.

Shares were little changed in extended trading, after closing at US$1,902.25 in NY. The company's stock is up nearly 30 per cent this year.

But earnings-per-share of $7.09 blew past forecasts of $4.72, delivering a boost to Amazon's stock price. Analysts expected revenue of $62.53 billion.

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Amazon's fast-growing advertising business has also become big money maker, selling ads to companies that want their products to show up first when shoppers search on the site.

Amazon CFO Brian Olsavsky raised the topic of AWS without being prompted by an investor late in Thursday's earnings call to share his thoughts on the industry's leading cloud provider's improved margins and some notable customer wins. In 2016 and 2017, Amazon grew its warehouse square footage by about 30 percent per year. More than half of the company's merchandise is sold by third-party sellers.

Amazon is one of the world's largest camera stores.

Amazon suggested that spending indeed was on the way, and with that smaller growth in profit. Amazon intends to invest $800 million into that initiative in the second quarter alone, a move that could surely eat into profits today and going forward. Shipping costs, meanwhile, rose 21 per cent during the first quarter to US$7.32b.

Losses narrowed considerably in Amazon's global unit.

Amazon's advertising business came down to earth, with growth of only 36 percent, a decrease from past periods, but still helping the company post robust profits.

Amazon's global operating loss came in at $90 million compared with $622 million in the period a year earlier.

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