Amazon Web Services crosses the $6 billion mark in quarterly revenue, up 49 percent
The world’s leading cloud infrastructure service continues to grow at a solid clip, with Amazon Web Services recording $6.1 billion in revenue during the second quarter of the year, Amazon announced Thursday.
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That figure is up 49 percent from the comparable period last year, and operating income soared 80 percent to $1.6 billion during the period ending June 30th. Despite increased competition from @Microsoft #Azure and @Google #Cloud Platform, #AWS revenue growth has accelerated in 2018 compared to the previous year.
AWS also crossed the $20 billion mark in twelve-months-trailing revenue during the second quarter, a goal Amazon CFO Brian Olsavsky set for the group after the presentation of its fourth-quarter 2017 results earlier this year. Without solid cloud infrastructure revenue numbers from its competitors it’s hard to know exactly how much of a lead AWS has in the market at this point, but it would appear that things are still going smoothly.
Some of the increase in operating income can be attributed to more efficiency within AWS’s data centers, Amazon Chief Financial Officer Brian Olsavsky said on a conference call following the release of the results.