[Year 12 IT Apps] The Cloud Is Raining Money

[Mark]

*"In its latest financial earnings report, Amazon said AWS *[Amazon Web
Services]* grew 49 percent in 2014, pulling in $4.6 billion in revenue.
After reaching $1.57 billion in the first quarter of this year, AWS is on
track for $6.23 billion in sales by year’s end, the company said. *
*Though its cloud business still accounted for only 7 percent of the
company’s overall quarterly revenue of $22.72 billion, AWS is growing at a
much faster rate than the rest of Amazon (AWS grew 49 percent, while the
company’s core North American business grew 22 percent). *


*These numbers are important. Though Amazon made its name selling consumer
goods, its retail operation is covered in red ink. In the cloud, on the
other hand, Amazon is both powerful and profitable...*

*cloud computing will account for about 15 percent of all information
technology spending within the next five years...*

*Microsoft also raised the curtain on its cloud business today, claiming
it’s on track for a $6.3 billion in revenues this year. "*

Read more
http://www.wired.com/2015/04/amazons-cloud-is-the-best-part-of-its-business-aws/

--

Moo.

Mark Kelly
mark AT vceit DOT com
http://vceit.com
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