Amazon's Web Services (AWS) Division Captures Nearly One-Third of the Entire Cloud Computing Market

Jeff Bezos announced he is stepping down as CEO of Amazon, and that his replacement will be Andy Jassy, currently CEO of Amazon’s Web Services (AWS) division. Although all consumers know Amazon is THE behemoth in global e‑commerce, it would no doubt be shocking to most to learn that AWS is the biggest profit center of the entire company.

Amazon’s most recent numbers revealed 2020 revenue of $386 billion. While AWS made up only 12% of that revenue number, AWS’ very comfortable profit margins meant it made up almost 60% of Amazon’s total operating profit! Under Jassy’s leadership AWS has become the clear global market leader, having captured almost one-third of the entire cloud computing market, and is more than 50% larger than second place Azure from Microsoft. (Chart from chartr.co)

(Sources: All index- and returns-data from Yahoo Finance; news from Reuters, Barron’s, Wall St. Journal, Bloomberg.com, ft.com, guggenheimpartners.com, zerohedge.com, ritholtz.com, markit.com, financialpost.com, Eurostat, Statistics Canada, Yahoo! Finance, stocksandnews.com, marketwatch.com, wantchinatimes.com, BBC, 361capital.com, pensionpartners.com, cnbc.com, CNBC, FactSet.)

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Womack Investment Advisers, Inc. (WIA) is a registered investment adviser whose principal office is located in Oklahoma. Womack Investment Advisers, Inc. is also registered in the State of California, the State of Illinois, the State of Indiana, and the State of Texas. WIA only transacts business in states where it is properly registered, or excluded, or exempted from registration requirements.

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