41 days ago • Posted by William Ramstein

Enterprises no longer want to manage their own technology infrastructures

Amazon Web Services Inc., which is widely considered the global cloud market leader, saw year-over-year revenue grow 32% to $13.50 billion in the first quarter, accelerating from 28% growth in the fourth quarter of 2020. AWS accounted for 12% of parent company Amazon Inc.'s $108.52 billion first-quarter revenue and nearly 47% of the company's overall operating income of $8.87 billion. AWS' closest competitor, Microsoft Corp.'s Azure cloud computing service, reported a 50% year-over-year increase in revenues in the March quarter. Microsoft's  intelligent cloud segment, which includes Azure as well as the company's server products, saw quarterly revenue grow 23% over the prior year to $15.12 billion, with server products and cloud services revenue up 26%.

Source: spglobal.com