April 24, 2015
Just yesterday Amazon.com revealed the sales figures for their Web Services Sector for the first time in its existence. CEO Jeff Bezos called AWS a $5 billion business and with many different sectors making up this element of their service, including their cloud business, it’s exciting to see the full extent of what the cloud can do, and be worth.
Amazon Web Services
Amazon Web Services is the sector of the giant e-commerce business which offers a range of web and business services, as well as incorporating the company’s cloud business. The figures released show that it generated a huge revenue of $1.57 billion in the first quarter of this year, an increase from $1.05 billion in 2014.
Speaking on behalf of his company, CEO Jeff Bezos said: “Born a decade ago, AWS is a good example of how we approach ideas and risk-taking at Amazon. We strive to focus relentlessly on the customer, innovate rapidly, and drive operational excellence.”
Powerful and Profitable
As Amazon is one of the world’s largest businesses, the way their cloud business performs is a key indicator of the future of the Internet. Whilst Amazon are currently a retail business with a cloud company as a side project, figures suggest it won’t be long before AWS and Amazon cloud operations overtake the revenues of the e-commerce sites.
It was around 10 years ago that Amazon first pioneered the idea of the cloud, allowing businesses to rent access to their servers, storage systems and high quality software without the requirement to have the server and network hardware in their own premises to access and utilise the services. Simply a computer and internet access is enough to utilise AWS and in 2015, this allows for more agile and lean workspaces.
As the first ever reveal of the AWS sales figures, it’s exciting to see just how profitable the cloud has become for Amazon and with the company describing the business as still ‘accelerating’ further quarterly figures released throughout the year are bound to prove interesting too.
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Posted by Beth on 24th April 2015 at 10:51 am