Latest in Amazon

Image credit:

Amazon Web Services is a $5 billion business

Nicole Lee, @nicole
04.23.15
88 Shares
Share
Tweet
Share

Sponsored Links

Even though Amazon Web Services has taken off in recent years to become the cloud computing solution of choice for businesses, not much was known about how much money it was bringing in. Now, however, we do. In its first quarterly earnings report today, Amazon has reported the financials for its AWS division for the first time, stating that it is a "$5 billion business and growing fast." In Q1 alone, AWS brought in $1.57 billion in revenue, which is up from $1.1 billion this time last year (in previous Amazon reports, this info was simply filed under a mysterious "Other" column). On the whole, AWS seems to be one of a few operations within Amazon that is profitable, with about $265 million in profits in Q1. Despite that, however, the online retail giant still reported a net loss of $57 million overall for the quarter.

Source: Amazon
In this article: amazon, earnings, q12015
All products recommended by Engadget are selected by our editorial team, independent of our parent company. Some of our stories include affiliate links. If you buy something through one of these links, we may earn an affiliate commission.
Comment
Comments
Share
88 Shares
Share
Tweet
Share

Popular on Engadget

Pioneering NASA mathematician Katherine Johnson dies at 101

Pioneering NASA mathematician Katherine Johnson dies at 101

View
Huawei's smart speaker will be available outside of China, but not the US

Huawei's smart speaker will be available outside of China, but not the US

View
Microsoft confirms Xbox Series X will have a 12 teraflop GPU

Microsoft confirms Xbox Series X will have a 12 teraflop GPU

View
Amazon drops the Fire TV Cube to its best-ever price

Amazon drops the Fire TV Cube to its best-ever price

View
Watch Sony's Xperia event in 7 minutes

Watch Sony's Xperia event in 7 minutes

View

From around the web

Page 1Page 1ear iconeye iconFill 23text filevr