The quarter has been another busy one for AWS, with a string of big customer wins and a variety of infrastructure and energy announcements.

Amazon.com (Nasdaq:
AMZN) and its Amazon Web Services subsidiary posted another set of
impressive results for the first quarter ended 31 March.

For the group, net
sales increased 17% to $59.7bn. Operating income increased to $4.4bn
in the first quarter, compared with operating income of $1.9bn in
first quarter 2018.

Net income increased to
$3.6bn billion in the first quarter, compared to $1.6bn last year.

The Amazon Web Services subsidiary saw higher sales growth though. Revenue at AWS was up 42% to $7.69bn, while the operating margin was 28.8% – up from 25.7% in the first quarter last year. Operating income jumped from $1.4bn to $2.22bn.

Earlier this week, Microsoft reported that its rival Azure services saw 73% quarterly annual growth.

AWS and Microsoft are currently going head-to-head to win the $10bn JEDI cloud services contract being awarded by the US Department of Defense.

During the quarter, as
part of its long-term goal to power all global infrastructure with
renewable energy, AWS announced three new renewable energy projects
in Ireland, Sweden and the US.

In the same period, Ride company Lyft said it was going all-in on AWS and Standard Bank Group and major insurance technology provider Vertafore selected AWS as their preferred cloud provider. And Volkswagen is joining forces with AWS to transform its automotive manufacturing.

The Amazon group has provided second quarter guidance of between $59.5bn and $63.5bn in net sales – growing between 13% and 20% on the second quarter of 2018. But operating income growth will potentially slow, or even decrease said the firm – predicting between $2.6bn and $3.6bn. For the second quarter of 2018, Amazon generated $3bn in income.

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Source: Data Economy