Massive growth shows why Amazon is the public cloud leader
Amazon showed off its dominance in the public cloud market on Thursday as the capstone to a better than expected quarterly earnings report.
Revenue from Amazon Web Services during the first quarter of 2016 was up 64 percent year-over-year, showing the big money that's still out there as companies invest more and more in the public cloud.
Amazon's cloud platform generated revenue of $2.56 billion, putting it on pace to make $10 billion this year, in line with a letter from CEO Jeff Bezos sent to shareholders earlier this month. That's big money to go with Amazon's massive customer base, which includes names like Netflix, Time Inc. and Intuit.
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