The above graph represents the growth in Amazon web services revenue by year, starting from fiscal 2014 to the most recent quarter. The contribution of Amazon Web Services (AWS) to the company’s overall revenue has been increasing by each passing year. AWS revenue in 2018 increased a whopping 47% YoY to $25,655 million ($25.7 billion) – highest-ever till date. The segment accounted for a notable 11% of Amazon’s total revenue in 2018.
AWS Revenue by Year: History
|Source||Amazon Annual Reports, SEC Filings|
|Last Updated||05 November 2019|
|Note||Amazon Fiscal Year – from January to December|
Amazon Web Services (AWS) is a subsidiary of Amazon, that offers a broad set of global compute, storage, database, and other service offerings to developers and enterprises of all sizes.
In fiscal 2015, AWS revenue increased a whopping 70% YoY to $7,880 million ($7.9 billion). About 7.36% of Amazon’s global revenue came from its cloud-computing business.
The fiscal year 2016 was the first time when Amazon revenue from AWS crossed the $10-billion mark, with over 55% YoY growth. The total AWS revenue clocked $12,219 million ($12.2 billion) in 2016, representing nearly 9% of the company’s total revenue. Nearly 30% of that company generated in the fourth quarter alone.
In the next two years, the company achieved another big milestone as the AWS annual revenue crossed $25-billion mark for the first time in history.
About Amazon.Com, Inc: Additional Information
Amazon.com, Inc. (NASDAQ: AMZN) is an American multinational internet and e-commerce company, founded by Jeff Bezos and is headquartered in Seattle, Washington. The company was initially incorporated on July 5, 1994, as Cadabra, Inc, and reincorporated on May 28, 1996, in the state of Delaware.
In July 1995, Amazon began its service as an online bookstore. However, later it started offering an array of products and services to the people around the world. Today, the online retail behemoth has got hands almost in every business related to tech, from retail e-commerce to cloud computing and IoT.
On May 15, 1997, Amazon completed its initial public offering (IPO) of 3,000,000 shares of its common stock, at a price of $18.00 per share.
Amazon’s major products and services include Amazon Web Services, Amazon Prime (February 2, 2005) Amazon Music ( September 25, 2007), Amazon Kindle ( November 19, 2007), Amazon Echo (November 6, 2014), Fire Phone (announced on June 18, 2014), etc.
In June 2013, Amazon finally launched its market place in India.
With $97 billion value, Amazon ranks 4th among the world’s most valuable brands 2019 by Forbes.
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