Amazon delivered a strong first quarter with $181.5 billion in revenue, a 17% increase that surpassed analyst expectations. The e-commerce and cloud giant saw net profit surge 77% to $30.3 billion, benefiting from pretax income generated by its investment in AI startup Anthropic.

Amazon Web Services continued its growth trajectory, posting 28% revenue growth year-over-year. This cloud computing division remains the primary profit driver for the company, expanding faster than Amazon's retail operations despite broader economic uncertainties.

The company forecast second-quarter revenue between $194 billion and $199 billion, with operating profits ranging from $20 billion to $24 billion. Amazon's performance suggests its cloud infrastructure business continues to capitalize on the AI boom while retail operations maintain steady growth.