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Cloud computing dominates Amazon profits

February 01, 2019 / Bobby Hellard

Amazon reported improved earnings on Thursday, raking in over $3 billion from 2018, but a large portion of this has come through its cloud computing arm, AWS.The leading cloud provider's profits grew 45% year on year, continuing an annual trend of growing by at least 40% each year. The cloud division has become crucial for the whole of Amazon for both revenue and profits."Amazon had a blowout quarter, led by its AWS public cloud division. AWS grew 45% year on year for the quarter at $2.3B," said Patrick Moorhead, an analyst at Moor Insights & Strategies. "The AWS business is very profitable, generating $1.3B in operating income, more than all other businesses combined. I attribute this growth to its increased flexibility through 'elastic' capabilities as well as increased variability across EC compute capabilities.