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Categories: Amazon AWS Microsoft

When @Amazon came online in 1995 selling books, @Microsoft already had two decades of computer-selling experience under its belt. For the next 20 years, despite Amazon’s skyrocketing growth, Microsoft maintained it’s lead. But Amazon’s web services division, called @AWS, was quietly sneaking up. And last week it finally paid off. On Wednesday, Amazon officially surpassed Microsoft’s market value, making it the third-largest publicly-traded company in the United States. In 2017, AWS brought in $18 billion of revenue for Amazon — 20% less than Microsoft’s competing cloud service’s $27.4 billion, but has been growing at a much more rapid pace. From 2016 to 2017, AWS revenues grew 42% from $12 billion to $17 billion, while Microsoft’s cloud revenue contributions grew just 9%, according to each company’s respective balance sheets.

http://markets.businessinsider.com/news/stocks/amazon-web-services-versus-microsoft-azure-cloud-computing-growth-2018-2-1016326439

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