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Amazon Cloud will see $10 billion in sales this year

08 April 2016 0

After a decade of operations, Amazon Cloud Services has become a leader in the US market and accounts for nearly $10 billion in sales. The service now has over 1 million users, revealed Amazon's CEO Jeff Bezos in a letter to shareholders.

AWS was launched in March 2006 and now offers over 70 services for analytics, storage, IOT and mobile services. "Today, AWS offers more than 70 services for compute, storage, databases, analytics, mobile, Internet of Things, and enterprise applications," Bezos wrote. "We also offer 33 Availability Zones across 12 geographic regions worldwide, with another five regions and 11 Availability Zones in Canada, China, India, the US, and the UK to be available in the coming year."

The company reported $7.9 billion in net sales in 2015 for AWS with an operating income of $1.9 billion, according to the latest earnings report. In Q4, 2015 the company net sales hit $2.4 billion and has been predicted to hit $10 billion in 2016. Overall, Amazon reported $107 billion in net sales in 2015 and $2.2 billion in operating income.

“This year, Amazon became the fastest company ever to reach $100 billion in annual sales,” Bezos writes. “Also this year, Amazon Web Services is reaching $10 billion in annual sales … doing so at a pace even faster than Amazon achieved that milestone.” He stated that, “Over time, it’s likely that most companies will choose not to run their own data centers, opting for the cloud instead.”

Hinting at the service's future, Bezos stated that, “we’ll offer more and more capabilities to let builders build unfettered, it will get easier and easier to collect, store and analyze data, we’ll continue to add more geographic locations, and we’ll continue to see growth in mobile and 'connected' device applications.”



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