'Amazon Web Services Is a $5 Billion Business'

Advertisement
By Agence France-Presse | Updated: 24 April 2015 10:57 IST
Amazon said Thursday that strong gains in its market-leading cloud computing services helped drive a 15 percent rise in total sales in the first quarter.

But the bottom line was red for the leading US online retailer, with a loss of $57 million, compared to a net gain of $108 million a year ago, due to continued growth in operating overhead.

Total sales jumped to $22.72 billion in the January-March period, compared to $19.74 billion a year ago.

Advertisement

US sales gains offset a fall in the company's international division, hit in part by the strong dollar and weaker foreign currencies.

Sales of electronics and other merchandise in North America were still the company's mainstay, up 31 percent in the year to $10.25 billion. Internationally, the gain was four percent.

Sales in the company's Amazon Web Services division cloud computing services surged from $1.05 billion in the year-ago quarter to $1.57 billion.

It was the first time Amazon broke out earnings from the division, which has by some estimates a 30 percent share of the rapidly growing industry.

Advertisement

"Amazon Web Services is a $5-billion business and still growing fast in fact it's accelerating," said company founder and chief executive Jeff Bezos.

"Born a decade ago, AWS is a good example of how we approach ideas and risk-taking."

 

Get your daily dose of tech news, reviews, and insights, in under 80 characters on Gadgets 360 Turbo. Connect with fellow tech lovers on our Forum. Follow us on X, Facebook, WhatsApp, Threads and Google News for instant updates. Catch all the action on our YouTube channel.

Advertisement

Related Stories

Popular Mobile Brands
  1. Redmi Note 17, Poco M8 Plus Reportedly Spotted on BIS Ahead of Debut
  2. Top 10 Deals on Bluetooth and Party Speakers During Amazon's Prime Day Sale
  3. Samsung Galaxy Z Fold 8 Series Could Ship With This Notable Display Upgrade
  4. Redmi Might Be Working on a 7-Inch 'Performance' Smartphone
  5. Vivo G5i, Vivo G5z Launched With 7,200mAh Battery, Snapdragon 4 Gen 2 SoC
  6. New Listing Suggests the Insta360 X6 Could Launch Soon With a Larger Sensor
  7. Vivo Y500 4G Makes Global Debut With an 8,100mAh Battery: See Price
  1. Nothing Ear 3a Spotted in Leaked Renders That Leave Little to the Imagination Ahead of Their Debut
  2. Vivo G5i, Vivo G5z Launched With 7,200mAh Battery, Snapdragon 4 Gen 2 SoC: Price, Features
  3. Redmi Note 17 and Poco M8 Plus Appear on BIS Certification Database, Might Launch in India Soon: Report
  4. Stablecoin Transactions Hit Record $1.79 Trillion in June, Analytics Show
  5. South Africa Proposes Crypto Tax Guidance Under Existing Framework
  6. Insta360 X6 Could Launch Soon With Larger Sensor, US FCC Listing Suggests
  7. Vivo V80 Series Price Range in India, Launch Timeline Tipped Along With Key Specifications, Features
  8. Huawei Pura 90 Series Global Launch Set for July 14; Pura 90s Pro Max Teased
  9. Apple Brings Back Card Payments for App Store and iCloud Transactions in India After Five Years
  10. Samsung Galaxy Z Fold 8 Series Tipped to Launch With a New Hinge to Minimise Display Crease
Download Our Apps
Available in Hindi
© Copyright Red Pixels Ventures Limited 2026. All rights reserved.