If not for its cloud business, Amazon would be posting big losses AMZN

Channel:
Tech Feed
Subscribers:
1,110
Published on ● Video Link: https://www.youtube.com/watch?v=2khNH2oCRJA


Duration: 1:37
13 views
0

If not for its cloud business, Amazon would be posting big losses (AMZN).
Amazon's cloud business has become the company's gold-egg-laying goose. 

For much of the last two years, Amazon Web Services — the company's cloud computing unit — has accounted for a sizeable chunk of Amazon's overall profits. But, as we can see in this chart from Statista, in three of Amazon's last five quarters it's done even more — it's covered over the red ink posted by Amazon's other segments and helped it turn a likely loss into a profit. 

The company's most recent quarter is a case in point. The $1.2 billion operating profit posted by AWS wiped out the $936 million operating loss recorded by Amazon's international e-commerce business.



Other Videos By Tech Feed


2017-10-31Companies are cashing in on chat apps
2017-10-31Microsoft 365 Business launches out of preview
2017-10-31World of Final Fantasy is coming to PC via Steam
2017-10-31Waymo dumped partial self driving features after discovering people sleeping while driving
2017-10-31Tesla is struggling to build the Model 3 — and that could be great news for the Chevy Bolt
2017-10-31The Tower at Tortenna’s mystery hides in a puzzle of a still life city
2017-10-31Facebook also showed Russia linked ads on other websites FB
2017-10-31Hillary Clinton could have been president if not for robots, a new study says
2017-10-31Telstra acquires MTData to boost connected vehicles business
2017-10-31Black Friday deals PC and PC component steals
2017-10-31If not for its cloud business, Amazon would be posting big losses AMZN
2017-10-31CBS sues man for copyright over screenshots of 59 year old TV show
2017-10-31How Elon Musk, Jeff Bezos, and 19 other famous CEOs are doing, according to their employees
2017-10-31Facebook's top lawyer admitted they should have caught Russian ads earlier but said foreign
2017-10-313D Systems shares fall on disappointing Q3 results
2017-10-31You can now use Instagram in Hebrew, Farsi, Arabic
2017-10-31Waiting in Line for iPhone X Check Out These Tips
2017-10-31Researchers warn state system to catch voter fraud has 99% false positive rate
2017-10-31These photos show how far the iPhone's camera has come, from the original to the iPhone X
2017-10-31Toyota selects Renesas chips for self driving cars
2017-10-31Russian Facebook trolls advocated killing 'dangerous illegal aliens'


Tags:
If not
for its cloud business
Amazon would be posting big losses (AMZN)
If not for its cloud business