Launched in 2006, AWS is now bigger than all of Oracle, which was founded almost 30 years earlier.
AWS delivered 13.5% of Amazon's total revenue. OracleOperating income from AWS totaled $3.08 billion, which was up 38% and above the $2.96 billion FactSet consensus estimate. That works out to 77% of Amazon's overall operating income.Goldman Sachs analysts led by Heath Terry, who have a buy rating on Amazon stock, raised their estimates for first- and second-quarter AWS revenue in a note distributed to clients last week.
"Our partner checks continue to reflect the relative strength in the AWS platform, as incremental demand from customers to accelerate their migration into the cloud, provide full virtual-desktop coverage , and other work-from-home and business continuity needs, seem to have more than offset the disruption from longer sales cycles and delays in planned migrations as IT priorities have shifted in the current environment," the analysts wrote.
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