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Amazon Sales Exceed Estimates as Web Services Drive Growth

Updated on Inc.’s investments in speedy delivery services, data centers and original video programming paid off with more customers, helping the world’s biggest online retailer report first-quarter sales that beat analysts’ estimates.

Sales jumped 15 percent to $22.7 billion, the company said Thursday in a statement. Analysts on average projected $22.4 billion, according to data compiled by Bloomberg. The company, also the largest seller of cloud-computing services, broke out results from its Amazon Web Services unit for the first time, saying revenue rose 49 percent to $1.57 billion.