In case you didn't know, Amazon has a cloud computing sector. And it's worth a lot of cheddar.
Since it's inception eight years ago, Amazon has been quiet about Amazon Web Service's finances. Today, they announced that Amazon Web Services generated $5.16 billion for Amazon last year, part of Amazon's total earnings of $22.7 billion, reports VentureBeat. In the first quarter of 2015, Amazon Web Services brought in $1.56 billion in earnings, reports Mashable.
Amazon, major online retailer, is at the top of the cloud computing game:
The AWS business leads the cloud infrastructure market, ahead of Google, Microsoft, IBM, VMware, and many other providers. Last year, analyst firm Gartner estimated in a comprehensive review of the industry that AWS had five times more computing capacity than the 14 other vendors considered for the report. (VentureBeat)
Amazon Web Service is a service that provides cloud computing to businesses in 190 countries around the world. It also "allows companies to rent storage and processing power instead of paying to build and run their own data centers," according to Mashable, which is critical for smaller to medium size businesses these days.