The Cloud in the News: The Rise of Amazon Web Services

The Cloud in the News: The Rise of Amazon Web Services

Article written and published by the Washington Post

Nearly a decade after it started as an internal project for a group of engineers, Amazon.com’s cloud services unit has turned into the online retailer’s fastest-growing business.

 

The company gave a rare glimpse into the growth of Amazon Web Services on Thursday, saying that during the first quarter, it had reached $1.57 billion in revenue, up nearly 50 percent from the same period last year. It had operating income of $265 million, up from $245 million last year. It was the first time Amazon has released such details about what many investors consider the most lucrative part of the retailing giant.

“Amazon Web Services is a $5 billion business and still growing fast… read more here.