Amazon has reported that its sales have risen by more than 30 per cent in the second quarter of 2016 with a revenue increase to $30.4bn (£23bn).
The firm has been expanding in recent years beyond its traditional retail base as a one-stop-shop for consumer goods towards video streaming, music and hardware manufacturing.
It also recently agreed a deal with the UK government to develop and trial drone technology that will be used to deliver parcels to its customers.
The latest results see Amazon’s net income rise to $857m compared to $92m a year ago.
Chief executive and founder Jeff Bezos, who overtook Warren Buffet as the third richest man in the world following the results, said the company's recent expansion into India demonstrated its continued ambition.
"It's been a busy few months for Amazon around the world and particularly in India, where we launched a new AWS (Amazon Web Services) Region, introduced Prime with unlimited free shipping and announced that Prime Video is coming soon, offering Prime members in India exclusive access to Amazon Original Series and Movies - including original content featuring top Indian creators and talent.
"The team in India is inventing at a torrid pace and we're very grateful to our Indian customers for their welcoming response," Bezos said.
The technology giant also recently announced that it plans to create 1,000 new permanent jobs in the UK in 2016.
Amazon used the earnings announcement to reveal that sales from its second annual Prime Day, where customers on their Prime membership scheme had access to exclusive deals, were up more than 60 per cent on 2015's event.
Meanwhile, Google's parent company Alphabet and one of Amazon’s major rivals also reported a big jump in revenue in its latest financial results, with the company's finance chief hailing the figures as ‘terrific’.
Alphabet comprises Google and its other various businesses known as ‘Other Bets’ which include Nest smart thermostats and the self-driving car programme
Its revenue increased to $21.5bn - well above the $20.7bn analysts had predicted.
Ruth Porat, the chief financial officer of Alphabet, said: "Our terrific second quarter results, with 21 per cent revenue growth year on year and 25 per cent on a constant currency basis, reflect the successful investments we've made over many years in rapidly expanding areas such as mobile and video.
"We continue to invest responsibly in support of our many compelling opportunities."
The Google segment of Alphabet, the search engine business, as well as the Android platform, made up the vast majority of the revenue, accounting for all but just under $200m of it.
Advertising revenue was also up 19 per cent on the same period last year, while Google's websites saw revenue climb 24 per cent compared to a year ago.
The Other Bets segment, made up of Alphabet's more ambitious business projects, saw revenue increase too.
Google has been battling French authorities this year over their right-to-be-forgotten protocols which they want to extend to search results delivered from outside of the EU.