Amazon, along with other cloud players like Microsoft and Google, posted first quarter results, helping to grow the company’s Amazon Web Services (AWS) business to an execution rate of more than $ 50 billion.
For the first three months of the year, AWS revenue grew 32% year over year from $ 10.2 billion to $ 13.5 billion, with operating income rising from nearly $ 3.1 billion to nearly $ 4.2 billion . USD rose.
During an earnings call, Amazon CFO Brian Olsavsky announced that the AWS entity was on track to hit an annual run rate of $ 54 billion in revenue in 2021, up from $ 31 billion in 2019 and $ 41 billion in 2020. He stated that the growth was not possible to be assigned to a specific customer group and stated that they saw “strength across the board”.
Dave Fildes, director of investor relations at Amazon, added that AWS had an order book of approximately $ 52.9 billion as of March 31, with a weighted average tenor of just over three years.
“You can expect customers to have these long-term …