Monday, August 11, 2014

Amazon Cloud, Fast Growth Business

Amazon's Cloud Is One of the Fastest-Growing Software Businesses in History - Businessweek: "Five billion dollars. That’s how much will rake in from its cloud computing business this year, according to a new estimate from Pacific Crest Securities. If true, it’s an incredible figure. It would mean that Amazon’s cloud revenue shot up 58 percent in a single year, from $3.1 billion in 2013. In a research note, Pacific Crest says it expects the business to keep growing at a clip, with revenue hitting $6.7 billion in 2015. (Amazon does not break out its cloud revenue figures.) The growth of Amazon’s cloud business is unprecedented, at least when compared to other business software ventures. It’s grown faster after hitting the $1 billion revenue mark than Microsoft, Oracle, and You would need to turn to Google —which had the advantage of the vast consumer market—to find a business that grew faster....

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