When Amazon announced its earnings for its Amazon Web Services cloud division on Thursday, the results were hardly surprising. While AWS might not have the eye-popping growth percentages of its rivals, it still grew at a decent 47 percent, with earnings of $3.53 billion on an astonishing $14.2 billion run rate.
You may point to the rivals and say, well, they had better quarters from a growth standpoint, but it’s important to remember it’s easier to grow from a small number to a bigger small number than it is to grow from a big number. In that sense, AWS could be seen simply as a victim of its own success. Read more…