For the quarter that ended in December, Amazon posted rising revenue, having announced that its net profit had increased by 9 percent to $225 million, which translates as a rise by 52 cents per share.

Within the same quarter last year, Amazon.com came into earnings of $207 million, or 48 cents.

Jeff Bezos, founder and chief executive of Amazon, stated that the company remained focused on providing their clients with low prices, great selection and free shipping offers, which included Amazon Prime.

Amazon’s revenue went up by 18 percent to $6.70 billion, thus exceeding analysts’ previous forecasts, who had expected a profit amounting to $6.44 billion, according to a poll conducted by Thomson Reuters.

In after hours trading, the company’s shares valued $56, which is an increase by 13 percent, while during regular trading session, Amazon’s shares closed at $50.

According to Web measurement company comScore, Amazon’s profit growth managed to exceed by far the overall growth rate of other online retailers during the holiday season.

Bezos revealed that during the fourth quarter, the company’s electronic book reader Kindle had been in high demand, having been out of stock for the best part of the holiday season.

Speaking of the gadget, Amazon announced that it would be unveiling a new version of it at a news conference to be held in New York on February 9.

Nevertheless, even with the revenue growth, Amazon did not prove to be recession-proof, since its operating margins went down to 4.06 percent from 4.78 percent.