AWS passes $5 billion in quarterly revenue with a $20bn run rate
Amazon Web Services (AWS) has surpassed $5 billion (£3.6bn) in revenues for the most recent quarter, representing an almost 45% increase year over year and a $20 billion run rate.
The company’s latest financial results show revenues of $60.5bn across the company in the fourth quarter, with particular focus on Alexa. CEO Jeff Bezos said in a statement that “we don’t see positive surprises of this magnitude very often – expect us to double down.”
In the company’s...