Home Uncategorized AWS revenues reached 32% for Q1 of 2021

AWS revenues reached 32% for Q1 of 2021

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Jeff Bezos called the cloud computing division a “15-year-old kid” who “came into its own”

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Read More: AWS Results

Amazon Web Services (AWS) revenues grew 32% in the first quarter, while greater demand for cloud computing continued into 2021.

Amazon’s cloud computing arm brought in $ 13.5 billion between January and March, jumping from $ 12.75 billion in the last quarter of 2020.

AWS has long maintained its position as the world’s largest cloud provider and is often Amazon’s most reliable source of revenue, providing billions in its overall revenue each quarter. Its success is part of the reason that its CEO, Andy Jassy, ​​is set to replace Jeff Bezos by the end of Q2.

announcement

In a statement, Bezos referred to AWS as Amazon’s 15-year-old son that “grew rapidly” and came into its own.

“In just 15 years, AWS has become a $ 54 billion annual business run rate competing against the world’s largest technology companies, and its growth is accelerating – up 32% year over year,” he said. said Bezos.

“Companies from Airbnb to McDonald’s to Volkswagen have come to AWS because we offer what is the widest range of tools and services available, and we continue to invent relentlessly on their behalf. we love AWS, and we’re proud to have them in the family. ”

Microsoft also recorded increased revenues for 2021 Q1, with the third consecutive quarter of 50% growth. However, the Redmond company accounts for only 19% of the overall cloud market, compared to 32% acquired by AWS.

Cloud has emerged as a winner in all sectors over the past year, according to Canalys research analyst Blake Murray. As such, organizations have become reliant on digital services to stay operational and adaptable.

“Although 2020 has seen massive spending on cloud infrastructure, most enterprise workloads have not yet migrated to the cloud,” Murray said. “Cloud migration and spending will continue as customer confidence rises during 2021. Large projects postponed last year will be called again, while new use cases will expand to address the market.”

Dennis Publishing News Service


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