Looking at a company’s backlog is a great way of understanding how much business it has coming. With Amazon‘s (NASDAQ: AMZN) cloud computing wing, Amazon Web Services (AWS), reaching $496 billion during the second quarter, it’s safe to say a lot of revenue has yet to be recognized.
But how big a deal is this figure? The answer may surprise you.
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Image source: The Motley Fool.
AWS is Amazon’s most important segment
While most investors will be familiar with Amazon’s e-commerce business, AWS is the real cash cow. During Q2, it generated 60% of Amazon’s operating income despite making up only 21% of its sales. This tells me that AWS’s profit margin is far superior to that of its commerce counterparts.
Amazon is also…
https://currently.att.yahoo.com/att/amazons-aws-backlog-just-hit-165000582.html
