Amazon’s Fast-Growing Cloud Business Keeps Company Profitable

Amazon’s cloud services business is on fire.

Amazon Web Services holds a 45% market share of the worldwide public market for Infrastructure as a service (IaaS), which is greater than Microsoft, Google and IBM’s shares combined, according to a quarterly analysis by Synergy Research Group.

Amazon Web Services’ revenue totaled a whopping $3.2 billion in its most recent quarter, up 55% from the year ago period, and accounted for nearly 10% of Amazon’s total revenue of $32.7 billion.

According to a report by geekwire, without Amazon Web Services’ extra financial push, the company would have posted a $286 million operating loss, rather than a $575 million operating profit, in the third quarter.

read more/source: http://adage.com/article/cmo-strategy/ab-inbev-names-u-s-marketing-vp-amid-bud-light-decline/306558/

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