It’s been another huge year of growth for AWS
AWS continues to be a lucrative source of income
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Amazon Web Services (AWS)clocked a 32% year-on-year growth in Q1 2021 helping parent companyAmazonrecord a 44% increase in quarterly revenue.
Amazon is the latest tech giant that has managed to beat earning estimates for the first quarter of 2021 due to a boost in itscloud computingbusiness.
Thanks to recordAzuresales,Microsoftclocked in over $40 billionin sales for the second straight quarter. Similarly, Internet giantGoogle also recordeda boost in its quarterly revenues thanks to the pandemic-induced move to the cloud.
The growth of AWS beat industry estimates and outpaced the 28% growth recorded in the previous quarter.
Cloud-powered
“We have firm confidence that we offer a lot of advantages to AWS customers, from functionality to a vibrant and robust partner ecosystem,” said Brian Olsavsky, Amazon’s finance chief, on a conference call with analysts.
One of the earliest cloud computing players, the AWS division is one of Amazon’s most successful subsidiaries and is considered by analysts to be Amazon’s most reliable source of income.
The company hasrecently revealedhow it has worked closely with Walt Disney, since a year before the launch of itsDisney+videostreaming service, which banks on its cloud infrastructure to serve millions of customers across the world.
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The AWS unit delivered $13.50 billion in Q1 2021 revenue, which makes up for 12% of Amazon’s total quarterly revenue.
This year will see the head of AWS, Andy Jassy,replace Jeff Bezosas Amazon’s CEO, while former AWS executiveAdam Selipsky would come backto thee-commercegiant to run AWS.
ViaCNBC
With almost two decades of writing and reporting on Linux, Mayank Sharma would like everyone to think he’sTechRadar Pro’sexpert on the topic. Of course, he’s just as interested in other computing topics, particularly cybersecurity, cloud, containers, and coding.
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