Amazon Increases Sales by 43% and They Should Thank AWS

Stefan Mileschin · 29th April 2018, 04:57

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, 04:57	#1
Stefan Mileschin [M] Reviewer Join Date: May 2010 Location: Romania Posts: 148,533	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/

Similar Threads
Thread	Thread Starter	Forum	Replies	Last Post
Amazon is opening a Tokyo pop-up bar to promote booze sales	Stefan Mileschin	WebNews	0	7th October 2017 08:06
Amazon's US ticket sales talks stall over customer data	Stefan Mileschin	WebNews	0	13th August 2017 13:16
Amazon will collect state sales taxes nationwide April 1st	Stefan Mileschin	WebNews	0	25th March 2017 14:36
Amazon may bring its ticket sales to the US	Stefan Mileschin	WebNews	0	24th November 2016 14:24
CryptoPhone use increases	Stefan Mileschin	WebNews	0	8th April 2014 07:38
Apple increases Samsung Galaxy sales	Stefan Mileschin	WebNews	0	4th September 2012 11:15
Amazon to start collecting sales tax in New Jersey beginning July of next year	Stefan Mileschin	WebNews	0	1st June 2012 07:38
Amazon To Collect Sales Tax In NJ	Stefan Mileschin	WebNews	0	1st June 2012 07:18
Sony increases PS3 price	jmke	WebNews	1	29th January 2007 12:00
Online Music Sales Grow Amid Offline Sales Decline	jmke	WebNews	1	5th January 2006 18:00