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|28th July 2015, 09:49||#1|
Join Date: May 2010
Amazon is becoming all about the public cloud
One of the strange things about Amazon’s results last week is that its star performers was its public cloud business.
The company is now completely dependant on a business you do not always associate with selling books.
For those who came in late, Amazon has not been making any profit announcements lately and prefers to invest in new cunning plans.
Last week it announced a profit, but said it was all due to its cloud business.
Revenue from Amazon’s cloud – Amazon Web Services (AWS) – nearly doubled in the second quarter, showing the business was poised to drive sustainable earnings for the online retailer, Wall Street analysts said.
It is still not more than the company’s product sales but the figure is a huge chunk of sales.
Amazon has effectively cleaned everyone’s clock in the cloud business, including names which have more experience in running those sorts of operations. EMC, IBM and even Microsoft have fallen by the wayside when it comes to market share. Last year Google tried to enter the market with limited success.
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