Amazon Web Services’ revenue jumped by nearly half in Q2 and increased its market share over Microsoft and Google.
For the three months ending 30 June, AWS revenue increased 48 percent year on year to $6.1 billion and operating profit rose 79 percent to $1.6 billion.
Amazon’s CFO Brian Olsavsky said he expects AWS’ growth to continue as a result of a strong pipeline.
“We’re very happy with the results we’re seeing, the backlog that we see, the new contracts and new customers, and the expansion of existing customer business that we see”, he said.
“The business has accelerated in the last three quarters, and we’re seeing great signs in a number of areas.
“Customers are just branching out to a lot of new products from us. There are new areas such as machine learning, artificial intelligence, Internet of Things, serverless computing and database and analytics [that] are really big.”
