Amazon Q1 results beat expectations

(Telecompaper) Amazon.com reported a strong improvement in first-quarter results. Net sales increased 28 percent to USD 29.1 billion, operating income was nearly four times higher at USD 1.1 billion versus USD 255 million a year ago, and the net result improved to a profit of USD 513 million from a loss of USD 57 million. The company's free cash flow doubled year-on-year to USD 6.4 billion on a trailing 12-month basis. Amazon highlighted the strong sales of its own products, with twice as m