Crock of gold for Amazon Web Services tips up

Amazon Web Services’ quarterly sales have topped $10 billion for the first time increased by 33 percent.

An an earnings call Amazon CFO Brian Olsavsky said that the AWS business has been protected by its diverse customer base during the COVID-19 pandemic.

“What we’re seeing post-COVID is it varies by industry I think probably where we’re a bit well positioned is that we have such a breadth of customers. There’s millions of active customers from start-ups, to enterprises, to public sector. So there’s a lot of variance. “In individual industries are seeing right now, things like videoconferencing, gaming, remote learning, entertainment all are seeing much higher growth and usage”, he said.

“Things like hospitality and travel certainly have contracted very severely, very quickly. So, I think there’s going to be a mixed bag on industries, and of course this will be tied to general economic conditions for the country and the world.”

AWS follows key cloud competitors in publishing earnings this week with good results from most of Amazon’s cloudy rivals.