It turned out that Andy Jassy already ran most of Amazon.
Amazon Web Services, the cloud computing giant led by the future CEO of Amazon, ended 2020 with more than $ 13.5 billion in annual operating profit, accounting for more than 63% of the company’s operating profit accounted for $ 45.3 billion year over year, an increase of nearly 30% year over year.
AWS is “arguably the world’s most profitable major tech company,” said Brian Olsavsky, Amazon’s chief financial officer, in a conference call with analysts and investors following the fourth quarter earnings report on Tuesday afternoon, speaking to Jassy’s experience and credentials for leading the larger ones Company.
Those are many qualifiers, but the bottom line is that Amazon continues to leverage its position as the market leader in public cloud computing. Since starting Amazon Web Services, Jassy has essentially built one company within a company that has more than …