AWS Revenue Grows 41%

AWS Revenue Grows 41%

According to an article by CNBC, Amazon Web Services stated that AWS revenue alone rose to $7.7 billion in the first quarter of 2019. It is clear that the cloud division of Amazon continues to be their primary source of profit. As well as, that Amazon Web Serivces is the most popular cloud platform by far.

Amazon Web Services reported revenue growth of 41% on April 25th in the first quarter of 2019. Last year, AWS sales were $5.44 billion, with this years sales rising to just over $7.7 billion. Amazon Web Services’ revenue now represents 13% of the total sales at Amazon, which is up 3% from the fourth quarter of 2018.

Although AWS is the dominant cloud service and storage provider, Microsoft Azure is slowly catching up. Microsoft and AWS are currently the only companies 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 at least $300 million on AWS for the next three years. Pinterest is committing to atleast $750 million over the next six years. Meanwhile, Slack renegotiated their deal to spend more through 2023.

Go here to read the full article about AWS Revenue Increases from CNBC

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