Amazon Web Services crosses $1B in operating profit as revenue jumps 41 percent to $4.6B
@Amazon Web Services continues to grow quite strongly despite its size, and it crossed an interesting milestone during the third quarter: it contributed $1 billion in operating profit to the overall corporation. Revenue from the public cloud leader rose 41 percent to $4.6 billion during the quarter, a tad less than the 42 percent growth posted last quarter, but they’ll probably take it. #AWS continues to defend its turf despite renewed competition from the likes of @Microsoft, which also reported earnings Thursday showing #Azure revenue grew 90 percent in its first fiscal quarter. And it’s no surprise that AWS once again kept Amazon.com out of the red during the quarter, a trend that dates back a while. But its operating profit of $1.2 billion jumped 36 percent compared to the previous year, showing that competitive pressures and the massive investments required to maintain a world-class cloud computing platform aren’t taking a toll on its bottom line. AWS is now on an $18 billion revenue run rate, Chief Financial Officer Brian Olsavsky said on a call with the media following the release of its results. He implied later on a separate call with analysts that AWS would have a fair amount of new stuff to talk about at its big annual conference, Re:Invent, taking place the week after Thanksgiving this year.