Amazon has recorded rising growth in its cloud computing services, with its Amazon Web Service (AWS) revenue reaching US$5.1billion in 4Q17, representing a 45% growth.
Out of its three revenue reporting segments, International, North America and AWS grew its fastest in 4Q17.
AWS saw a 45% growth year over year (YoY), with North America revenues growing 38% YoY, and international revenues expanding by 29%.
Here’s a chart which demonstrates how AWS revenues have trended for the past several quarters:
According to Market Realist, Amazon’s cloud growth is fueling business because of AWS and existing customers expanding their use of the cloud platform.