The Amazon cloud segment outperformed analysts’ estimates on operating income and revenue, and customers have been opting for chips Amazon developed in house.
The performance at the 15-year-old market-leading provider of remote computing, storage and database services highlights a continuing shift away from traditional data center infrastructure at corporations, schools and governments.
The AWS business generated $17.78 billion in revenue in the quarter, according to a statement. That works out to a 39.5% year-over-year increase, and it's more than the $17.37 billion consensus among analysts polled by StreetAccount. AWS revenue grew almost 39% inThe unit ended the quarter with $5.29 billion in operating income, up almost 49% and well above than the $4.84 billion StreetAccount consensus.
While almost 13% of Amazon's total revenue derived from AWS, some 153% of the company's overall operating income is attributable to cloud, partly because of operating losses in Amazon's international segment.comes from EC2, one of the first offerings and the one that provides fundamental virtual machines in the form of instances that third-party developers applications use.
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