Wednesday, September 23, 2020
Home Science & Technology Amazon; not just selling goods but running a $1.5 billion web service...

Amazon; not just selling goods but running a $1.5 billion web service industry too

188xsi8f17aonjpg

By NewsGram Staff Writer

A major revelation by Amazon about its web services business has brought it at par with global web giants like Microsoft, Google and IBM, even dwarfing some.

For the first time the company has talked openly about its web services, a topic it avoided discussing till now.

According to the information released by the firm, Amazon web services’ business includes $1.5 billion as net sales and $265 million as profits. Amazon web services have over a million customers and counts companies like Dropbox, Spotify, Netflix, and even the CIA as its clients.

One of the main features of Amazon web services, apart from powering websites, is their tool, Amazon Machine Learning. The tools use technology that helps computers to guess human choices. Started in 2006, the web services of Amazon have a market share of 27% as compared to Microsoft’s 10%.

CEO and founder Jeff Bezos has called Amazon a $5 billion business that is still accelerating.

STAY CONNECTED

19,142FansLike
362FollowersFollow
1,775FollowersFollow

Most Popular

Adah Sharma on Why a Handful of Actresses Seem Interested in Martial Arts

Actress Adah Sharma is into martial arts, and often shares videos where she can be seen using the Silambam sticks to work out. Follow NewsGram...

Railway Seat Not Confirmed? Now Travel by Plane With Railofy

Railofy, a Mumbai-based start-up, has launched India's first 'Waitlist and RAC Protection' service, aimed towards tackling the problems faced by the passengers travelling by...

Falguni Shane Peacock’s Collection Throws Light on the New Age Bride

By Puja Gupta Designer duo Falguni and Shane Peacock forayed into a full-fledged bridal segment with the launch of their latest couture collection at the...

How Yad Eliezer Feeds Israel’s Hungry

According to data collected by the Organization for Economic Co-operation and Development (OECD) Israel suffers from an overwhelming poverty rate of 21 percent. Furthermore,...

New Microsoft Feature in Teams to Take You to Office via ‘Virtual Commute’

As the pandemic takes its toll on the well-being of workers globally, Microsoft has announced a unique feature in its video meet app Teams...

Pillars of Creation: Now You Can Listen to Centre of Milky Way

People can now 'listen' to the centre of the Milky Way as observed in X-ray, optical and infrared light, thanks to a new project...

From “Confusion” To “Clarity” Regarding Sanatan Dharma With Dr. Chandra Shekhar Mayanil

Dr. Chandra Shekhar Mayanil is a Neuroscientist who is currently living in Naperville, Illinois. He has constantly been engaging in topics related to Yog...

Top 5 Beach Activities in Asia

Blessed with some of the most beautiful beaches in the world, Asia has something for everyone. From idyllic white-sand beaches fringed by palm trees...

Recent Comments