Tag Archives: Amazon Web Services

Alibaba Cloud Computing Revenue Jump 156%

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AliCloud -computing business revenue from that business increased 156% year over year to $187 million competing in an arena dominated by Amazon Web Services and Microsoft Azure. Alibaba Group Holding Ltd. said it would continue to step up its investments after reporting a better-than-expected 59% surge in fiscal first-quarter revenue, its biggest gain since its $25 billion initial public offering two years ago. Revenue for

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Amazon Posts Another Blockbuster Profit

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Amazon’s revenue jumped 31% including a 58% gain at its Amazon Web Services cloud computing unit. The company also more than doubled its operating margin, which historically has been razor thin, and issued a cheery outlook for the coming quarter. The results show Amazon moving toward investors’ long-held hope of consistent profitability after a lengthy period of heavy investments and

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