AWS generates $11.6 billion in sales, leads global Cloud market

New Delhi : Maintaining its leadership position in the global Cloud market, Amazon Web Services (AWS), the Cloud arm of e-commerce giant Amazon, generated $11.6 billion in sales in the September quarter, up 29 per cent year-over-year.
The $3.54 billion operating income for AWS topped the Wall Street estimates of $3.45 billion and the credit goes to significant customer momentum with new commitments and migrations in the September quarter.
AWS has already become a $43 billion annualized run rate business, up nearly $10 billion in run rate in the last 12 months.
“In AWS, the customer usage remained strong. We continue to see companies meaningfully growing their plans to move to AWS while we’re busy gearing up for our annual ‘re:Invent’ conference,” said Brian Olsavsky, Senior Vice President and CFO at Amazon during the earnings call with analysts on Thursday.
This year, the AWS flagship ‘re:Invent’ conference will be a free three-week virtual event running from November 30 through December 18.
AWS has won the leading payments technology company Global Payments, to manage issuer processing and handling of their approximately 27 billion transactions processed annually.