Cloud, edge and decentralized computing Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Cloud, edge and decentralized computing

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

From: Glenn Petersen	1/30/2015 9:43:58 AM
	of 1685

Another factor in the stock spike was Amazon's announcement that it plans to start breaking out the financials of its cloud-computing business, Amazon Web Services, next quarter. AWS powers a lot of the services you use on the web, supporting tiny startups as well as major companies like Netflix. Amazon has dominated the cloud services space in the past, but competitors like Microsoft, IBM, and Google have increasingly been stepping up their game. Amazon CEO Jeff Bezos has said that he expects AWS to eventually be Amazon's biggest business, and investors look forward to seeing exactly how big it's grown (analysts take the fact that Amazon will start breaking it out at all as a hint that the news is probably good). Although Amazon didn't list revenues for AWS yet (it's in the "other" category, which reported yearly net revenue of $5.6 billion, up from $3.9 billion last year), the company said on its call that AWS has over 1 million active customers and that it saw usage grow 90% year over year. finance.yahoo.com

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next