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Amazon Pledges One-Day Delivery for Top Clients in U.S.

  • Company reports sales grew at slowest pace in past four years
  • Cloud-computing unit spurs a profit surge for e-commerce giant
Bloomberg business news
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Updated on Inc. will spend $800 million in the current quarter to reduce delivery times for top customers to one day from two, trying to revive its main e-commerce franchise and ward off greater competition.

The announcement came after the online retailer Thursday reported first-quarter profit that exceeded analysts’ estimates, demonstrating the company’s focus on cloud-computing, advertising, and other high-margin businesses continues to pay off.