Amazon Cloud Revenue Jumps 45% In Fourth Quarter
Added: (Sat Feb 03 2018)
Pressbox (Press Release) -
- AWS gave Amazon $5.11 billion in revenue, above analyst estimates
- While AWS leads the cloud market, Microsoft Azure's 98% revenue growth rate exceeded Amazon's 44.6 percent growth rate.
Amazon cloud business generated more revenue than analysts expected in the 4th quarter, with sales surging 45%The financial results strengthen the case that Amazon Web Services has grown into a cash machine for its parent company, while Alibaba,Google,IBM,Microsoft & Oracle all try to catch up.AWS got $5.11 billion in revenue in the quarter & $17.46 billion in all of 2017
On Thursday analysts on average expected $4.97 billion, according to FactSet.AWS now increased over $20 billion,CFO Brain Olsavsky said during Amazon's conference call with analysts after the Earnings release.
Income at AWS has increased up to $1.35 billion for the quarter, topping the Fact set estimate of $1.27 billion Almost a dozen years after becoming available,AWS has come to be a important contributor to its parent company. In the 4th quarter of almost 5% of Amazon's revenue came from AWS. In the 4th quarter of 2017, that figure was about 8.5 %.
Across all of 2017, approximately 10% of Amazon revenue resulted from AWS."There are few enterprise franchises that are operating at an annual run rate approaching $20B in scale yet still delivering high growth in excess Of 40%,"KeyBanc analysts led by Edward Yruma wrote in a Jan. 28 note.
In addition, AWS giving more and more operating income to Amazon,which provides Capital for additional investments, especially outside North America. In the 4th quarter AWS operating income equated to more than 60% of the operating income for the entirety of Amazon.
AWS also launched services for translation & transcription, revealed a camera for developer that's capable of doing artificial intelligence computations, Announced data centers just for U.S. intelligence agencies. In Nov AWS CEO Andu Jassy Boasted that the public cloud now offers customers more than a 100 services
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