Menu
Amazon's cloud business continues upward march

Amazon's cloud business continues upward march

AWS revenue was up 58 percent from a year earlier

Amazon reported another surge in revenue for its cloud business last quarter, though the growth is slowing as the division gets bigger.

Amazon Web Services revenue for the second quarter was $2.87 billion, up 58 percent from the same period in 2015, Amazon announced Thursday. Operating profit was $863 million, up from $391 million a year earlier.

It's another positive sign for AWS, which is still the leader in public cloud services, even as IBM, Microsoft and Google step up their efforts to complete.

The growth at AWS is slowing, however, which is typical for a company as its business gets bigger. The gain was 64 percent in the first quarter, and 69 percent the quarter before that.

The results followed several milestones for AWS. It recently launched a new region in Mumbai, India. The cloud provider also achieved FedRAMP High certification, which means it can run high-security workloads for the U.S. government.

Amazon's business overall, including its e-commerce and content businesses, brought in total revenue of $30.4 billion, compared to $23.2 billion in the second quarter last year. Net profit was $857 million, up sharply from $92 million the year before.

For a long time, Amazon reported little to no profit, with CEO Jeff Bezos preferring to invest any surplus back in the business. But Amazon has reported a profit for the last several quarters.


Follow Us

Join the newsletter!

Or

Sign up to gain exclusive access to email subscriptions, event invitations, competitions, giveaways, and much more.

Membership is free, and your security and privacy remain protected. View our privacy policy before signing up.

Error: Please check your email address.

Tags amazon.com

Events

Featured

Slideshows

Meet the Reseller News 30 Under 30 Tech Awards 2020 winners

Meet the Reseller News 30 Under 30 Tech Awards 2020 winners

This year’s Reseller News 30 Under 30 Tech Awards were held as an integral part of the first entirely virtual Emerging Leaders​ forum, an annual event dedicated to identifying, educating and showcasing the New Zealand technology market’s rising stars. The 30 Under 30 Tech Awards 2020 recognised the outstanding achievements and business excellence of 30 talented individuals​, across both young leaders and those just starting out. In this slideshow, Reseller News honours this year's winners and captures their thoughts about how their ideas of leadership have changed over time.​

Meet the Reseller News 30 Under 30 Tech Awards 2020 winners
Reseller News Exchange Auckland: Beyond the myths — how partners can master cloud security

Reseller News Exchange Auckland: Beyond the myths — how partners can master cloud security

This exclusive Reseller News Exchange event in Auckland explored the challenges facing the partner community on the cloud security frontier, as well as market trends, customer priorities and how the channel can capitalise on the opportunities available. In association with Arrow, Bitdefender, Exclusive Networks, Fortinet and Palo Alto Networks. Photos by Gino Demeer.

Reseller News Exchange Auckland: Beyond the myths — how partners can master cloud security
Reseller News welcomes industry figures at 2020 Hall of Fame lunch

Reseller News welcomes industry figures at 2020 Hall of Fame lunch

Reseller News welcomed 2019 inductees - Leanne Buer, Ross Jenkins and Terry Dunn - to the fourth running of the Reseller News Hall of Fame lunch, held at the French Cafe in Auckland. The inductees discussed the changing face of the IT channel ecosystem in New Zealand and what it means to be a Reseller News Hall of Fame inductee. Photos by Gino Demeer.

Reseller News welcomes industry figures at 2020 Hall of Fame lunch
Show Comments