Business Insider

Amazon Web Services is now a $17.5 billion business

By Becky Peterson
Amazon Web Services CEO Andy Jassy
Amazon Web Services CEO Andy Jassy Amazon
Read in app

Amazon Web Services, the cloud computing division of Amazon, saw major gains in fourth quarter 2017 earnings Thursday as the tech giant tighens its lead in the cloud wars.

In fact, Amazon Web Services accounted for 73% of the net income Amazon as a whole posted in the holiday quarter.

  • AWS had $5.1 billion in sales for the fourth quarter of 2017, up 17% from $3.5 billion in the same quarter of 2016. 
  • AWS had $17.459 billion in sales in 2017, up 43% from $12.219 billion in sales in 2016.
  • Operating income for AWS was up 39% from $3.1 billion in 2016 to $4.3 billion in 2017.
  • More than 54,000 databases from vendors including Oracle have migrated onto AWS since the company started offering migration services in 2016. 

Across the company, Amazon reported $60.5 billion in revenues in the fourth quarter, beating analyst expectations of $59.85 billion. 

Click here to read more about Amazon's fourth quarter 2017 earnings. 

Read next

极速168赛车官方网站图片

Business Insider tells the innovative stories you want to know

极速168赛车官方网站图片

Business Insider tells the innovative stories you want to know

极速168赛车官方网站图片

Business Insider tells the innovative stories you want to know

极速168赛车官方网站图片

Business Insider tells the innovative stories you want to know

Becky Peterson Headshot
Becky Peterson
Becky Peterson was formerly a tech features correspondent focused on long-form profiles and investigations into the most interesting people and companies at the intersection of technology and finance.She's broken news on major tech stories including Palantir's work on Project Maven, Peter Thiel's $18 million estate in Miami (which was once featured on MTV's 'The Real World'), Jeffrey Epstein's tour of SpaceX, and Uber CEO Dara Khosrowshahi's insistence that employees take "the D."Previously, she covered enterprise tech and tech investment banking with a focus on M&A, IPO and venture capital deals in San Francisco. She graduated from New York University with a master's degree in media, culture and communication with an emphasis on technology and society. ExpertiseSilicon Valley, Venture Capital, Investment Banking, Jeffrey Epstein, Ghislaine MaxwellPopular articlesInside the turmoil at the Bill & Melinda Gates Foundation, where employees say divorce, Epstein, and vaccines have left some staffers polishing their résumésThe secret life of Ian Osborne, the shadowy 38-year-old cofounder of Chamath Palihapitiya's SPAC who has built the ultimate black book of billionairesSilicon Valley VCs are at war with the 'far left radicals' running CaliforniaInside the life of Ghislaine Maxwell's secret husband, a once-high-flying tech entrepreneur backed by Eric Schmidt who is now a central figure in one of the country's most high-profile legal casesRent the Runway CEO Jennifer Hyman, one of the most successful female founders, is fighting to save her companyJeffrey Epstein set Elon Musk's brother up with a girlfriend in effort to get close to the Tesla founder, sources sayA drunken late-night assault allegation has roiled the secretive world of Mark Zuckerberg's private family office. Personal aides are speaking out about claims that household staff endured sexual harassment and racism from their colleagues.
HOME Subscribe