Amazon and Microsoft Raise Profits with Cloud Computing
Wall Street analysts announced that the two world leaders Amazon and Microsoft have increased their profits in early 2019 and they exceeded expectations. This is thanks to the revolution of cloud computing.
According to statistics between the first quarter of 2019 and 2018, Amazon was able to increase its profit in double:
Q1 2019: $ 59.7 billion with a profit of $ 3.56 billion.
Q1 2018: $ 51 billion with a profit of $ 1.63 billion.
Amazon has been successful in increasing first-quarter earnings from $ 1.63 billion in 2018 to $ 3.56 billion in 2019.
Amazon is among the leading providers of cloud computing in the world, with big customers like Apple, Pinterest, Netflix and many other companies. Strong growth is mainly related to Amazon’s AWS Cloud which has increased its business by more than 41% compared to the first quarter of 2018.
Moreover Microsoft is the second in the cloud computing market in the world.Microsoft announces a turnover of 30 billion dollars, with an increase of more than 14% compared to Q1 2018.The profit is increased to 19 % in a year with the sum of 8.8 billion dollars.
Similarly, the Microsoft Azure cloud service is responsible for this growth. users and companies who have trusted the Microsoft Azure cloud platform continue to grow, and sales are up 73%.
in summary the two world leaders Microsoft and Amazon reap the benefits of large investments in cloud computing, by the construction of Data Centers around the world. Following the announcement of these results, the Microsoft action has increased by 5% and allowed the firm to briefly exceed the $ 1 trillion market capitalization threshold.