Advertisement
New Zealand markets closed

  • NZX 50

    11,946.43
    +143.15 (+1.21%)
     

  • NZD/USD

    0.5966
    +0.0029 (+0.48%)
     

  • NZD/EUR

    0.5559
    +0.0013 (+0.23%)
     

  • ALL ORDS

    7,937.50
    -0.40 (-0.01%)
     

  • ASX 200

    7,683.00
    -0.50 (-0.01%)
     

  • OIL

    83.06
    +0.25 (+0.30%)
     

  • GOLD

    2,339.90
    +1.50 (+0.06%)
     

  • NASDAQ

    17,526.80
    +55.33 (+0.32%)
     

  • FTSE

    8,092.51
    +52.13 (+0.65%)
     

  • Dow Jones

    38,460.92
    -42.77 (-0.11%)
     

  • DAX

    18,007.04
    -81.66 (-0.45%)
     

  • Hang Seng

    17,284.54
    +83.27 (+0.48%)
     

  • NIKKEI 225

    37,628.48
    -831.60 (-2.16%)
     

  • NZD/JPY

    92.8120
    +0.6970 (+0.76%)
     

Amazon’s Cloud Business Sees Double-Digit Growth

Naomi Gray
Updated
Amazon’s Cloud Business Sees Double-Digit Growth

Amazon’s (AMZN) cloud computing business, Amazon Web Services (or AWS), was its fastest-growing revenue division in 4Q17. AWS revenue increased 45% YoY (year-over-year) to $5.1 billion, while Amazon’s core North America retail division and international business grew 42% and 29%, respectively. Google parent Alphabet (GOOGL) saw its cloud division grow 38.2% YoY in 4Q17, whereas cloud computing revenue grew 98% YoY at Microsoft (MSFT), 104% YoY at Alibaba (BABA), and 16% YoY at Oracle (ORCL), in the period corresponding to Amazon’s 4Q17.

Continue reading