That's more than double what Google Cloud recorded in 2017. Amazon repor t ed Amazon Web Services (AWS) revenue of $11.6 billion for Q3 2020, compared to $8.9 billion for Q3 2019. Its other services - international sales, online ad-business, etc - saw some growth in Q2 of 2019, but physical store revenue remained flat. For all of 2019, Google Cloud revenue was up 52% to $8.9 billion. Amazon started disclosing AWS numbers five years ago, but in the last couple of years another big and highly profitable business has quietly emerged in the footnotes at the back of the 10k. Amazon’s AWS grew 49% in the first quarter of 2018, while Google and Microsoft grew their cloud business at […] SEATTLE --(BUSINESS WIRE)--Oct. 29, 2020-- Amazon.com, Inc. (NASDAQ: AMZN) today announced financial results for its third quarter ended September 30, 2020 . The company’s revenues … Azure’s revenue in the last quarter of 2019 grew by 62% over the previous quarter. It indicates the ability to send an email. For calendar 2019, the Amazon cloud unit generated revenue of $35 billion. That’s an increase of 44% year-over-year, and beating predictions of $119.7 billion. Amazon reported Amazon Web Services (AWS) revenue of $12.7 billion for Q4 2020, compared to $9.95 billion for Q4 2019. A company this big shouldn’t be able to grow this fast—but Amazon’s 21% revenue growth in 2019, to $281 billion, is the reason the Seattle company has catapulted to No. Amazon Web Services (AWS) is a subsidiary of Amazon, that offers a broad set of global compute, storage, database, and other service offerings to developers and enterprises of all sizes.. AWS revenues today and in the future. Even after an almost $40 billion divorce settlement, Jeff Bezos is still worth $123.9 billion as of 2020. While Amazon specifies its revenue for AWS, Microsoft only reports the growth rate. He founded Amazon in 2004 in his garage. In fiscal 2015, AWS revenue increased a whopping 70% YoY to $7,880 million ($7.9 billion). Across the business, Amazon’s quarterly sales increased to $96.1 billion, up 37% and beating predictions of $92.7 billion. Public cloud industry has been experiencing robust growth as organizations shift their focus towards digital transformation strategies and become increasingly data driven. KEY STAT: Amazon’s net US digital ad revenues will rise by 41.0% this year as consumers dramatically shift to more ecommerce shopping and advertisers pay to get in front of shoppers at their leading destination. Alibaba has revealed that its cloudy revenue grew 62 per cent in the year to 30 March 2020 for an annual run rate of US$5.6 billion. The company posted net income of $21.3 billion during its 2020 fiscal year (), which ended December 31, 2020.Annual net income rose 84.1% compared to FY 2019. AWS reported revenue of $12.74 billion for the fourth quarter that ended Dec. 31, 2020, a 28 percent increase from the same period last year. AWS earned $13.53 billion in operating income, or 59.1% of the $22.90 billion in consolidated operating income Amazon reported for the year. AWS sales accounted for 11.8% of 2020 consolidated revenue. The company’s cloud business generated 10% of Amazon’s total revenue during the quarter, and it continues to wrestle with a growing backlog of deals. By 2020, cloud leader Amazon will still win twice the combined cloud revenue of its two biggest rivals, according to a recent Citi Research report. About 7.36% of Amazon’s global revenue came from its cloud-computing business. It has shown that a cloud platform can not only be a billion-dollar business but a multi-billion, maybe even a … In 2019, Amazon total revenues increased 20% - pretty good wh en you are at $280 billion (though that includes its AWS web services unit and growing advertising business). In Q4, AWS, Microsoft Azure, and Google Cloud also accounted for 58% of the industry’s revenues and benefited from a significant rise in worldwide cloud spending, which was up 33% from $107 billion in 2019 to $142 billion in 2020. The fourth quarter of 2020, AWS generated cloud computing and hosting revenues of approximately 12.7 billion U.S. dollars. AWS annual revenue growth from 2013-2019. The statistic illustrates the revenue development of Amazon Web Services cloud computing and hosting solutions 2013 to 2020. On average, a US household makes $60,336. He owns 16% of Amazon and remains the CEO of the company. IBM. AWS revenue grew 28% in the quarter. In Amazon’s most-recent earnings report, AWS generated revenues of $11.6 billion, good for a run rate of more than $46 billion. In late 2014 I projected AWS revenues through 2020. AWS is the leader in the cloud service sector with 32.4% of the market share as of 2019. Other revenue–largely coming from Amazon’s growing advertising business–totaled $21.48 billion, up 52.4% from $14.09 billion in 2019. Become a GeekWire member. Ultimately, AWS remains one of Amazon's strongest units, accounting for 77% of Amazon's total operating profit for the quarter. Last year, AWS generated $35 billion in revenue for the company. Now. This statistic highlights AWS and Azure Revenue Growth starting from 2016 Q1 till the latest quarter of 2020. So, if you buy a $1,000 TV on Amazon from a third party supplier, Amazon will charge the supplier (say) $150 in fees for shipping and handling and commission, and only report $150 as revenue. The £19.5bn that UK customers spent at Amazon in 2020 is roughly double the takings at Marks & Spencer, and underlines how the Covid-19 pandemic is revolutionising the way we shop. In contrast, earnings for Q2 in 2020 were significantly better. AWS revenue made up almost 11% of Amazon’s total revenue. 2020-02-04T18:52:37Z The letter F. An envelope. Share. Copy. Operating cash flow increased 56% to $55.3 billion for the trailing twelve months, compared with $35.3 billion for the trailing twelve months While 2020 will be the year known for Amazon's ability to deliver goods during COVID-19 lockdowns, it's still worth noting that AWS delivers the most operating income in the company. AWS revenue grew 29% in the quarter. E-Mail Chart Download. Amazon continues its phenomenal growth, hardly even slowing down in the face of the law of big numbers. Pichai said the unit is on track to do $10 billion in revenue during 2020, which underscores the wide margin by which Google trails AWS and Microsoft. And for today, all of the major cloud vendors are seeing accelerating revenue. AWS Closes 2020 With $50B Backlog. Share 129 Tweet Share Reddit Email. by Todd Bishop on December 3, 2020 at 8:55 am December 3, 2020 at 9:26 am. Amazon as a whole had their first quarter over the $100 billion mark, at $125.56 billion. Amazon doesn’t treat the value of the actual purchases as its own revenue, which is in line with US accounting rules, since technically Amazon is only acting as an agent. Simon Sharwood, APAC Editor Mon 25 May 2020 // 02:21 UTC. (Source: Statista) From $3.1 billion in 2013 to over $35 billion in 2019, the revenue growth of AWS has been steady, to say the least. Revenue, which Amazon … If it can grow its cloud revenue throughout 2020 at 25%—which is much lower than its usual range of 35% to 40%—it will finish the year with $43.5 billion in cloud revenue. Amazon’s ‘Other’ revenue line, which is ‘primarily’ advertising, was over $20bn in 2020. AWS is one of Amazon's cash cows, providing computing and storage for schools, corporations, and governmental bodies. Amazon reported blowout third-quarter results on Thursday as a pandemic sales boost helped the company triple its profits amid a 37% increase in earnings.. 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