(Updated - April 27, 2017 4:03 PM EDT)

Amazon.com (NASDAQ: AMZN) reported Q1 EPS of $1.48, $0.35 better than the analyst estimate of $1.13 and $1.07 last year. Revenue for the quarter rose 23% to $35.7 billion versus the consensus estimate of $35.31 billion. Operating cash flow increased 53% to $17.6 billion.

“Our India team is moving fast and delivering for customers and sellers. The team has increased Prime selection by 75% since launching the program nine months ago, increased fulfillment capacity for sellers by 26% already this year, announced 18 Indian Original TV series, and just last week introduced a Fire TV Stick optimized for Indian customers with integrated voice search in English and Hindi,” said Jeff Bezos, Amazon founder and CEO. “We’re grateful that customers are responding — Amazon.in is the most visited and the fastest growing marketplace in India. It’s still Day 1 for e-commerce in India, and I assure you that we’ll keep investing in technology and infrastructure while working hard to invent on behalf of our customers and small and medium businesses in India.”

Second Quarter 2017 Guidance

• Net sales are expected to be between $35.25 billion and $37.75 billion, or to grow between 16% and 24% compared with second quarter 2016. This guidance anticipates an unfavorable impact of approximately $720 million or 240 basis points from foreign exchange rates.
• Operating income is expected to be between $425 million and $1.075 billion, compared with $1.3 billion in second quarter 2016.
• This guidance assumes, among other things, that no additional business acquisitions, investments, restructurings, or legal settlements are concluded.

(Street sees Q2 revenue of $36.9 billion)

For earnings history and earnings-related data on Amazon.com (AMZN) click here.