Ecommerce company Amazon.com… today said that its Amazon Web Services (AWS) public cloud computing infrastructure division generated $3.23 billion in revenue in the third quarter of the year. That means revenue was up 54.9 percent year over year.
AWS produced $861 million in operating income for the quarter, according to today’s earnings statement. The business unit had $2.21 billion in operating expenses.
For its most recent four quarters AWS has now fetched $11.08 billion in revenue for Amazon.
AWS’ competitors including Microsoft Azure, the Google Cloud Platform (under the newly renamed Google Cloud), and IBM SoftLayer, and the Oracle public cloud, among others.
Amazon stock was down more than 6 percent in after-hours trading following the earnings release.
Complete story at source: VentureBeat
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(via McKinsey Quarterly)
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