Amazon Increases Sales by 43% and They Should Thank AWS

Stefan Mileschin · 29th April 2018, 05:57

Amazon released their earnings report yesterday and it showed that net sales increased by 43% over the first quarter of last year. This just shows that Amazon isn't resting on their laurels and it's actively growing all parts of their business. One thing of note is the fact that 73% of operating income was a result of Amazon Web Services. This makes them the top dog of cloud services and everything else that they do is just a sideline business. The bottom line is that Jeff Bezos is the richest man in the world and AWS is putting him there. Read the PR here. AWS, the company's cloud services division, outpaced Amazon.com's overall growth with $5.4bn in revenue, up 49 per cent from the $3.7bn reported for the year-ago quarter. Amazon CEO Jeff Bezos – the world's richest person with a net worth of $112bn – in a statement attributed AWS' success the seven years it had to figure things out before serious competition arrived.

http://www.hardocp.com/news/2018/04/...uld_thank_aws/

29th April 2018, 05:57	#1
Stefan Mileschin [M] Reviewer Join Date: May 2010 Location: Romania Posts: 153,541	Amazon Increases Sales by 43% and They Should Thank AWS Amazon released their earnings report yesterday and it showed that net sales increased by 43% over the first quarter of last year. This just shows that Amazon isn't resting on their laurels and it's actively growing all parts of their business. One thing of note is the fact that 73% of operating income was a result of Amazon Web Services. This makes them the top dog of cloud services and everything else that they do is just a sideline business. The bottom line is that Jeff Bezos is the richest man in the world and AWS is putting him there. Read the PR here. AWS, the company's cloud services division, outpaced Amazon.com's overall growth with $5.4bn in revenue, up 49 per cent from the $3.7bn reported for the year-ago quarter. Amazon CEO Jeff Bezos – the world's richest person with a net worth of $112bn – in a statement attributed AWS' success the seven years it had to figure things out before serious competition arrived. http://www.hardocp.com/news/2018/04/...uld_thank_aws/

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