AWS Revenue Grows 41%

According to an article by CNBC, AWS stated that revenue rose to $7.7 billion in the first quarter of 2019. Its clear that the cloud division of Amazon continues to be their primary source of profit.

Amazon Web Services reported revenue growth of 41% on April 25th. Last year, AWS sales were $5.44 billion and now rose to $7.7 billion. AWS revenue now represents 13% of total sales at Amazon.

Although AWS is the dominant cloud service and storage provider, Microsoft Azure is slowly catching up. Microsoft and AWS are currently competing for a $10 billion Department of Defense contract known as JEDI.

Additionally, AWS continues to show its dominance in cloud services. Lyft is committed to spending more on AWS for the next three years, Pinterest is committing for six years and Slack renegotiated their deal to spend more through 2023.

Go here to read the full article from CNBC

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Andre Moncayo
Andre Moncayo
Marketing Associate