Amazon achieved a record profit of around three billion US dollars in the fourth quarter of 2018, representing an increase of 63 percent compared to the previous year. The company's cloud offering likely made the most significant contribution to the positive business performance in recent quarters.
In the fourth quarter of 2018, Amazon recorded a record profit of around three billion US dollars, an increase of 63 percent over the previous year. The company's cloud offering probably made the most important contribution to the good development of business figures in the last quarters.
Cash Cow Cloud
Between October and December, Amazon's Cloud Services (AWS) generated an operating profit of $2.177 billion – more than half of its total operating income. This is despite the fact that the division contributes only ten percent to Amazon's overall revenue.
Between October and December, Amazon Cloud Service (AWS) generated an operating profit of $2,177 million, or more than half of its operating profit. This is despite the fact that the division only accounts for ten percent of Amazon's total sales.
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