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Amazon Web Services booms as revenues hit $2.9bn in second quarter

Discussion in 'Market News' started by Lily, Jul 28, 2016.

  1. Lily

    Lily Forum Member

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    The company’s cloud services business combined with a surge in Prime subscriptions to increase revenue 31% year on year

    Amazon Web Services, the company’s cloud service division, has long provided the infrastructure for vast retail websites and plucky startups alike, from Netflix and Airbnb to Nasa and the Royal Opera House, but is now seen as the company’s biggest driver of growth.

    AWS combined with enthusiastic take up of its premium “Prime” service to generate better than expected revenue for the second quarter of the year.

    Related: Why so much coverage of Amazon Prime Day? The incentives, of course

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