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Amazon Sales Exceed Estimates as Web Services Drive Growth

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Amazon.com 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.