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. The $3.54 bn operating income beat the Wall Street estimate of $3.45 bn. 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.
Microsoft’s revenue rose 12% to $37.2 bn in the quarter ended Sept 30, beating analysts’ estimates of $35.72 bn. Net income rose to $13.89 bn from $10.68 bn a year earlier. It was benefited from the global shift to WFH and online learning. Besides the surge of cloud computing, for MS the pandemic has accelerated demand for its Windows OS for laptops and Xbox gaming services as families work, learn and play indoors.