Amazon Web Services CEO Andy Jassy will speak at the 2019 CERAWeek by IHS Markit conference in Houston, Texas, March 11, 2019.
Aaron M. Spreader | Bloomberg | Getty Images
Amazon said Thursday that revenue from the cloud computing business increased 37% year-on-year in the second quarter, accelerating from a 32% increase in the previous quarter.
The latest results further strengthen Amazon Web Services’ understanding of the market for tools used by businesses, schools, and governments to run applications and websites using computing infrastructure in remote data centers. I will make it. Technology industry research firm Gartner estimates that AWS will account for 41% of the market in 2020, more than double that of its second-largest competitor, Microsoft.
AWS revenues totaled $ 14.81 billion this quarter, with more than $ 14.2 billion in consensus among analysts polled by Refinitiv. Growth will accelerate when Amazon results compare to the second quarter of 2020, which includes the effects of the coronavirus pandemic. At that time, with the advent of Covid, growth rates varied by industry.
“Last year, we all fell into a sort of unknown demand curve, and some industries suffered more than others, so companies are making a lot of efforts to limit spending and operate more efficiently. Please note that we paid, “Brian Orsavsky, chief financial officer of Amazon, said in a conference call with analysts.
AWS operating profit was $ 4.19 billion, surpassing the Street Account consensus of $ 4.17 billion, with an operating margin of 28.3%, down from 30.8% in the first quarter.
Of Amazon’s total revenue of $ 113.08 billion, 13% comes from cloud units and 54% of its operating profit comes from AWS.
AWS announced in the quarter its relationship with Dish Network to build cloud-based 5G infrastructure and announced that it would open data centers in Israel and the United Arab Emirates.
Amazon shares fell 5% in after-hours trading after the company reported disappointing total earnings in the second quarter.
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AWS Revenues Q2 2021
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