Friday, 24 March, 2023

AWS clocks $11.6 bn in sales, maintains pole position in Cloud market

<p>AMS or Amazon Web Services, while maintaining pole position in the global Cloud market, generated $11.6 bn of revenge in the quarter ending Sep, up 29 % YoY. &nbsp;The $3.54 bn operating income beat the Wall Street estimate of $3.45 bn. &nbsp;The company has already become a $43 bn annualised run rate business, up by nearly $10 bn. AWS has won the leading payments technology firm Global Payments, and biotechnology firm Moderna as a client, recently.</p>