Amazon’s cloud division has an annual operating profit of $ 13.5 billion for 2020
Amazon announced its earnings report for the fourth quarter of 2020 on Tuesday, claiming strong performance from its cloud computing business.
According to Amazon, AWS reported revenue of $ 12.7 billion for the fourth quarter of 2020, up 28 percent from $ 9.95 billion a year earlier, despite analysts surveyed by FactSet at $ 12.83 billion was not reached.
According to Amazon, the AWS business generated $ 13.53 billion in operating income in 2020, compared to $ 9.37 billion in Amazon retail.
AWS revenue accounted for 10 percent of Amazon’s total revenue, suggesting that the cloud business continues to make up a large portion of Amazon’s bottom line.
On Tuesday, Google’s parent company, Alphabet, announced its results and posted sales of € 3.8 billion for Google Cloud in the fourth quarter of 2020. This corresponds to an increase of 46 percent compared to the same quarter of the previous year.
The company announced that cloud revenue increased by around 50 percent in 2020 (to …