Amazon's cloud juggernaut earned almost $2 billion last year
Advertisement
Thomson Reuters
Advertisement
The company revealed the numbers in its latest earnings release which just crossed the wires.
Amazon broke out AWS as a separate business for the first time last year, surprising many with how big it was.
Complimentary Tech Event
Transform talent with learning that works
Capability development is critical for businesses who want to push the envelope of innovation.Discover how business leaders are strategizing around building talent capabilities and empowering employee transformation.Know More
Overall, though, the company missed expectations on both earnings and revenue and the stock plunged as much as 12% after hours.
AWS was one of the few bright spots, as it grew revenue more than 70% between 2014 and 2015, compared with 20% growth across all of Amazon's business.
Advertisement
Disclosure: Jeff Bezos is an investor in Business Insider through hispersonal investment company Bezos Expeditions.
Advertisement
- 2 states where home prices are falling because there are too many houses and not enough buyers
- US buys 81 Soviet-era combat aircraft from Russia's ally costing on average less than $20,000 each, report says
- A couple accidentally shipped their cat in an Amazon return package. It arrived safely 6 days later, hundreds of miles away.
- 9 health benefits of drinking sugarcane juice in summer
- 10 benefits of incorporating almond oil into your daily diet
- From heart health to detoxification: 10 reasons to eat beetroot
- Why did a NASA spacecraft suddenly start talking gibberish after more than 45 years of operation? What fixed it?
- ICICI Bank shares climb nearly 5% after Q4 earnings; mcap soars by ₹36,555.4 crore