Amazon (AMZN) reported first-quarter earnings after the bell Tuesday that came in above analysts' expectations, thanks to growth from its Amazon Web Services (AWS)꧅ and𝄹 advertising revenue. Shares of Amazon climbed over 2% in extended trading following the release.

The company reported $10.43 billion in net income or 98 cents per share on total revenue of $143.31 billion, with all three measures coming in well above 澳洲幸运5官方开奖结果体彩网:analyst estimates compiled by Visible Alpha. Amazon's revenue rose over 12% from the year-ago period, while net income and earnings per share more than tripled.

CEO 澳洲幸运5官方开奖结果体彩网:Andy Jassy credited the strong quarter to growth from AWS, in part fueled by new 澳洲幸运5官方开奖结果体彩网:artificial intelligence (AI) features, aꦰs well as progress in its adv💖ertising business.

"The combination of companies renewing their infrastructure modernization efforts and the appeal of AWS’s AI capabilities is reaccelerating AWS’s growth rate," he said. AWS segment sales rose 17% year-over-year to $25 billion.

For the current quarter, Amazon projects revenue of $144 billion to $149 billion, which would represent growth🍌 of 7% to 11% from the year-ago quarter, though analysts were expecting $150.27 billion.

Ahead of the earnings report's release, 澳洲幸运5官方开奖结果体彩网:Amazon announced that its AI assistant Amazon Q is generally available for AWS customers. Amazon said its Amazon Q Business allows enterprise customers to customize the AI-powered assistant to meet their needs, while Amazon Q Developer offers coding-specific features. The new offerings could help Amazon better compete with companies like Microsoft (MSFT) and Alphabet's Google (GOOGL), which already offer th🔥eir own AI assistants for enterprise customers and coding tools for developers.

Despite some 澳洲幸运5官方开奖结果体彩网:speculation about whether Amazon could follow the lead of companies like Meta (META) and Alphabet in announcing a dividend with its earnings repo🌳rt, Amazon opted not to do s♛o.

After fa🎃lling 3.3% in the regular session, Amazon shares were 2.9% higher at $181.01 in extended trading as of 5:20 p.m. ET Tuesday following the release.