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Amazon’s Cloud Business Sees Double-Digit Growth

Naomi Gray
Amazon’s Cloud Business Sees Double-Digit Growth

Amazon’s (AMZN) cloud computing business, Amazon Web Services (or AWS), was its fastest-growing revenue division in 4Q17. AWS revenue increased 45% YoY (year-over-year) to $5.1 billion, while Amazon’s core North America retail division and international business grew 42% and 29%, respectively. Google parent Alphabet (GOOGL) saw its cloud division grow 38.2% YoY in 4Q17, whereas cloud computing revenue grew 98% YoY at Microsoft (MSFT), 104% YoY at Alibaba (BABA), and 16% YoY at Oracle (ORCL), in the period corresponding to Amazon’s 4Q17.