Amazon Web Services is now a nearly billion-a-year cloud-computing machine

Amazon’s cloud-computing division generated $2.57 billion in revenue in the first quarter, the company reported today (April 28). Over the past four quarters, Amazon Web Services has reaped $8.88 billion in sales. Revenue from AWS grew 64% year-over-year, compared to 49% a year ago. The division is, however, showing signs of deceleration compared to the previous three quarters, when growth varied between 69% and 82%. Operating income for AWS totaled $604 million in the first quarter and $2.2 billion over the past four quarters. AWS accounted for 36% of Amazon’s consolidated-segment operating income in the first quarter, despite generating about 9% of the company’s sales. The cloud has proven to be a bright spot for AWS’s rivals as well. Even as Microsoft reported falling revenue from PCs and Windows, its…


Link to Full Article: Amazon Web Services is now a nearly billion-a-year cloud-computing machine

Pin It on Pinterest

Share This

Join Our Newsletter

Sign up to our mailing list to receive the latest news and updates about homeAI.info and the Informed.AI Network of AI related websites which includes Events.AI, Neurons.AI, Awards.AI, and Vocation.AI

You have Successfully Subscribed!