Amazon Web Services (AWS) generated revenues of $2.4 billion (£1.7bn) during Amazon’s fourth quarter, setting the public cloud division up for an annual run rate of $10 billion. However that figure could be higher as growth continues, albeit at a lower rate than previously
AWS’ fourth quarter revenue grew 69 percent year-over-year, a slight decrease from the previous quarter’s growth of 78 percent. The company reported an operating income of $687 million.
For the whole of 2015, AWS generated $7.9 billion (£5.6bn) in sales.
Amazon CFO Brian Olsavsky said on a conference call with analysts yesterday: “We feel like we have a lead in this space and we don’t take it for granted.”
But the cloud division’s success was overshadowed by falling shares for Amazon as a whole, as Amazon missed expectations on sales and revenue, despite it being its most profitable quarter on record.
Net profit for Amazon in the fourth quarter reached $482 million (£335m) , up from $214 million (£149m) for the same period last year.
Amazon boss Jeff Bezos said: “Twenty years ago, I was driving the packages to the post office myself and hoping we might one day afford a forklift. This year, we pass $100 billion in annual sales and serve 300 million customers.”
Twitter will no longer block links to articles containing hacked materials, following criticism over treatment…