REUTERS: Amazon.com Inc on Thursday trounced first-quarter profit estimates as demand for its cloud and ad services soared, but the company indicated that bigger spending was in store that might limit its windfall.
"We're banking the efficiencies of prior investments, continued into Q1," he said on a call with reporters."There'll be times when we have to invest ahead to build out warehouse capacity, but right now we are on a nice path where we are getting the most out of the capacity we have." Meanwhile, Amazon's cloud unit kept up its pace of growth as more enterprises moved data and computing operations to the technology company's servers. Sales for Amazon Web Services rose 41 percent to US$7.7 billion in the first quarter.
And the company is delving into even less familiar terrain. It recently announced investments in self-driving and electric car companies, teasing how it thinks these high-tech, capital-intensive businesses could pay dividends potentially in the form of autonomous deliveries in the long run. Amazon has not described in detail its thinking behind the bets.
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