Amazon.com Inc. posted its second quarter financial results late on Thursday, and the news was met with rather more applause than its lackluster Prime Day effort last week.

On Thursday, the company reported $1.8 billion in sales for Q2, an 80 percent increase from the same period last year. Altogether, the company raked in profits of $92 million, compared to a $126 million loss in Q2 last year. Revenues grew by 20 percent overall, to $23.18 billion.

Amazon.com, Inc.’s results include earnings from its main e-commerce site, its e-book readers, tablets, phones, videos and its cloud computing business. It also includes many new online services the company has rolled out in recent weeks, including Amazon Business, similar to its main online store except that it’s designed for businesses. It also launch Amazon Mexico, specific for that country, and Amazon Echo, a device that plays music and radio, and lets customers order direct from Amazon.com using their voice.

The thing SiliconANGLE readers care most about is Amazon Web Services, the company’s cloud business, which rolled out a whopping 350 new features and services in the quarter, together with a new training portal called AWS Educate. In total, AWS delivered $1.824 billion in revenue, an uptick from $1.005 billion it made in the same time-frame last year.

All in all, “it was a very strong quarter for AWS,” Brian Olsavsky, Amazon’s chief financial officer said on a call with investors.

Olsavsky went further, arguing that AWS is actually perfoming even better than what these positive figures seem to indicate. He noted how, in the last year, usage has outgrown sales – though the firm’s incessant price cuts somewhat obscured that from its financial figures.

As far as future pricing goes, Olsavsky dispelled any lingering doubts that AWS might follow Microsoft Azure in actually raising prices, saying it will routinely continue to make price cuts that correspond with hardware price declines. So far, AWS has cut its prices 49 times since it launched its services back in 2006. Olsavsky said that while this is a bonus for customers, it’s not the main reason that AWS is the number one cloud platform. Rather, people choose AWS so they can move faster and be more agile, Olsavsky insisted.

With next year’s expansion into India, AWS looks set to grow even more. The company’s profits of $0.19 per share actually surprised most analysts, with a poll by Thomson Resuters showing they expected it to lose $0.14 per share. The news helped to boost AWS’s shares by $84.82 to $567 in after-hours trading. With the after-market stock move, Amazon’s market value is now north of $250 billion, surpassing Walmart, the world’s largest brick-and-mortar retailer, for the first time.

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