AWS profits up 29% year-over-year

AWS profits up 29% year-over-year
AWS revenue increased as it generated $ 11.6 billion in revenue for the fourth quarter, bringing Amazon’s total revenue to 12%, its largest ever. The percentage increase for this third quarter compared to last year was 29%.
Amazon has achieved these profits despite the postponement of Prime Day due to the circumstances of the Covid-19 epidemic, as it was supposed to take place in August as usual, but it was done last October.

What about the fourth quarter for AWS ?

Amazon Chief Financial Officer Brian Olsavsky talked about the revenue indicators in the current fourth quarter and indicated that there is a certainty about the business that will be in the fourth quarter as it will be affected by several key factors, including the US presidential election and also the regular holiday season.

The impact of the Covid-19 epidemic on cloud services

In an interview with Olsavsky, he referred to the impact of the Covid-19 epidemic, which has raised the organizations’ cloud computing initiatives, which is the same as what happened with other cloud service providers.

Cloud services reduce expenses

Amazon Chief Financial Officer Brian Olsavsky also indicated that all companies seek to reduce their expenses, and therefore there is a demand for cloud computing services as a way to reduce costs in the long run.

What is Amazon Web Service (AWS)

It is a platform to provide cloud computing services from Amazon and provides many services over the Internet such as data storage, computing, networks, and other important services for various businesses, which helps you to have very amazing specifications like the storage space and processor speed, ensuring the security of the information for its data and it makes the necessary maintenance and backup copy.

To know more details about Amazon Web Service AWS, you can review this topic.