{"id":36771,"date":"2018-10-26T10:23:41","date_gmt":"2018-10-26T10:23:41","guid":{"rendered":"http:\/\/icloud.pe\/blog\/?guid=734c198724408feaab57c1a78639c8ad"},"modified":"2018-10-26T10:23:41","modified_gmt":"2018-10-26T10:23:41","slug":"amazon-cloud-revenues-up-by-nearly-a-half-in-third-quarter-2","status":"publish","type":"post","link":"https:\/\/icloud.pe\/blog\/amazon-cloud-revenues-up-by-nearly-a-half-in-third-quarter-2\/","title":{"rendered":"Amazon cloud revenues up by nearly a half in third quarter"},"content":{"rendered":"<p><span class=\"field field-name-field-author field-type-node-reference field-label-hidden\"><br \/>\n      <span class=\"field-item even\"><a href=\"https:\/\/www.cloudpro.co.uk\/authors\/rene-millman\">Rene Millman<\/a><\/span><br \/>\n  <\/span><\/p>\n<div class=\"field field-name-field-published-date field-type-datetime field-label-hidden\">\n<div class=\"field-items\">\n<div class=\"field-item even\"><span class=\"date-display-single\">26 Oct, 2018<\/span><\/div>\n<\/p><\/div>\n<\/div>\n<p class=\"short-teaser\">\n<a href=\"https:\/\/www.cloudpro.co.uk\/\" title=\"\" class=\"combined-link\"><\/a><\/p>\n<div class=\"field field-name-body\">\n<p> Amazon\u2019s AWS cloud business increased by 46% year-on-year in its third financial quarter.<\/p>\n<p>It made revenues of $6.68 billion in the quarter, compared with the average estimate of $6.71 billion. AWS also netted over $2 billion in profit.<\/p>\n<p>Net sales for AWS for the last 12 months were $23.3 billion, and operating income for AWS was $2.077 billion, up 77% year-over-year for the third quarter ending 30 September.<\/p>\n<p>In a conference call with media Brian Olsavsky, Amazon\u2019s chief financial officer said that AWS had been able to keep a lid on operating costs over the past quarter due to \u201cbetter efficiencies\u201d across its network of data centres.<\/p>\n<p>&#8220;We&#8217;re very happy with the growth in the business,&#8221; he said in a conference call to reporters. He added that the efficiencies in AWS\u2019s datacentres benefitted Amazon\u2019s consumer business. Amazon has also been hiring fewer employees and adding less warehouse space.<\/p>\n<p>AWS also saw a 31% operating margin in the third quarter, the highest in four years. But, AWS still only accounted for just 12% of Amazon&#8217;s net sales<\/p>\n<p>The company&#8217;s cloud arm continues to add features while cutting prices. In Q3 AWS slashed prices of its Lightsail virtual private servers and a new computing instance T3, which the company said boasts a 30% improvement in price to performance over its precursor.<\/p>\n<p>Amazon CEO Jeff Bezos said that its Amazon Business was now posting a $10 billion annual sales run rate.<\/p>\n<p>&#8220;Amazon Business is adding customers rapidly, including large educational institutions, local governments, and more than half of the Fortune 100,&#8221; he said. &#8220;These organisations are choosing Amazon Business because it increases transparency into business spending and streamlines purchasing, with increased control.&#8221;<\/p>\n<p>Despite the positive news, Amazon\u2019s shares fell 8% in after-hours trading. <\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>      Rene Millman<\/p>\n<p>        26 Oct, 2018    <\/p>\n<p>       Amazon\u2019s AWS cloud business increased by 46% year-on-year in its third financial quarter.<br \/>\nIt made revenues of $6.68 billion in the quarter, compared with the average estimate of $6.71 billion. &#8230;<\/p>\n","protected":false},"author":417,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-36771","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/icloud.pe\/blog\/wp-json\/wp\/v2\/posts\/36771","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/icloud.pe\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/icloud.pe\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/icloud.pe\/blog\/wp-json\/wp\/v2\/users\/417"}],"replies":[{"embeddable":true,"href":"https:\/\/icloud.pe\/blog\/wp-json\/wp\/v2\/comments?post=36771"}],"version-history":[{"count":1,"href":"https:\/\/icloud.pe\/blog\/wp-json\/wp\/v2\/posts\/36771\/revisions"}],"predecessor-version":[{"id":36772,"href":"https:\/\/icloud.pe\/blog\/wp-json\/wp\/v2\/posts\/36771\/revisions\/36772"}],"wp:attachment":[{"href":"https:\/\/icloud.pe\/blog\/wp-json\/wp\/v2\/media?parent=36771"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/icloud.pe\/blog\/wp-json\/wp\/v2\/categories?post=36771"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/icloud.pe\/blog\/wp-json\/wp\/v2\/tags?post=36771"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}