Yesterday Amazon revealed its Q1 2015 results, finally revealing how much its cloud division, Amazon Web Services has grown.
In its earnings Amazon revealed $1.57 billion in revenue during the quarter just for AWS, with a profit of $265 million during the 90 day period that ended on March 31st.
This makes AWK a $5 billion business, and a confirmed big business.
“Born a decade ago, Amazon Web Services is a good example of how we approach ideas and risk-taking at Amazon. We strive to focus relentlessly on the customer, innovate rapidly, and drive operational excellence. We manage by two seemingly contradictory traits: impatience to deliver faster and a willingness to think long term,” said Jeff Bezos said in a recent statement.
Putting AWS aside Amazon’s core retail unit was of course stronger, with a 15 per cent increase in net sales since the year-ago-quarter, set at $22.72 billion. Coming alongside a massive 74 per cent increase in operating income, set at $255 million.
Despite this Amazon did report a loss of $57 million for the quarter.