AWS sales jump 39% as companies accelerate Cloud journey

AWS generated $4.88 billion in operating income in the July-September period. "AWS has seen a re-acceleration of revenue growth as customers have expanded their commitment to the cloud and selected AWS as their cloud partner," said Brian T Olsavsky, SVP and Chief Financial Officer.

Amazon Web Services (AWS), the Cloud arm of Amazon, has seen its revenue increasing 39 per cent to $16.11 billion in the September quarter, as customers of all sizes and across all industries are using AWS as the preferred cloud provider for machine learning services.

AWS generated $4.88 billion in operating income in the July-September period.

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"AWS has seen a re-acceleration of revenue growth as customers have expanded their commitment to the cloud and selected AWS as their cloud partner," said Brian T Olsavsky, SVP and Chief Financial Officer.

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A lot of customers are accelerating their journey to cloud based on the pandemic.

"We're expanding our customer base into a lot of different areas, a lot new different customers we add. Many new products highlighted a few of our machine learning products. So we feel really good about the acceleration in growth," Olsavsky said during the company's earnings call late on Thursday.

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Because of AWS performance, Amazon's Q3 revenue of $110.8 billion represented a two-year compounded annual growth rate of 25 per cent versus a pre-pandemic growth rate in the low-20 per cent range, the company said.

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For the first time, sales from Amazon services have surpassed its retail sales.

While net product sales were $54.9 billion, revenue from AWS, advertising, third-party seller services and Prime subscriptions were $55.9 billion.

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