AWS passes $10bn quarterly revenue
Amazon Web Services (AWS) has reached a new revenue high, reporting Q1 earnings of $10.2bn, a 33 percent increase from the $7.7bn revenue in the first quarter of 2019.
Quarter-to-quarter, AWS is up by 2.7 percent this period from Q4’s $9.95bn. Operating income was just under $3.1bn for the quarter, beating estimates of $2.95bn, and has also increased year on year by 38 percent.
Despite slowing growth (this quarter’s year on year increase is its lowest on record), AWS remains its parent company’s fastest-growing business unit, accounting for 13.5 percent of Amazon.com overall sales, up one percentage point from the same period last year.