Amazon has finally shared some numbers about its cloud business, and not surprisingly, they show that it's thriving and profitable.
Amazon Web Services brought in $1.566 billion in net sales for Amazon's first quarter, it said Thursday, up 49 percent from $1.05 billion that AWS generated the same time a year ago. For the quarter, AWS netted a profit of $265 million, up from $245 million a year ago.
AWS is a $5 billion business "and still growing fast -- in fact it's accelerating," Amazon CEO Jeff Bezos was quoted as saying in a press release. He also called the group an "example of how we approach ideas and risk-taking at Amazon."
AWS now generates nearly 7 percent of Amazon's total revenue. Overall, Amazon's net sales for the quarter, which ended March 31, totaled $22.7 billion, up 15 percent from the $19.7 billion collected in the same period a year earlier. The company posted a net loss of $57 million in this first quarter, down from the $108 million it lost in last year's first quarter.
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