Convergence of Tech and Finance: Amazon First Discloses AWS Financials

In April 2015, Amazon disclosed the financial results for Amazon Web Services (AWS) as a standalone reporting segment for the first time in its Q1 earnings report. This disclosure shocked the financial markets, revealing the surprising profitability of the cloud business, which far exceeded Amazon's core retail operations.

BUSINESSES RESHAPING OUR WORLD

global n press

4/26/20151 min read

In April 2015, Amazon disclosed the financial results for Amazon Web Services (AWS) as a standalone reporting segment for the first time in its Q1 earnings report. This disclosure shocked the financial markets, revealing the surprising profitability of the cloud business, which far exceeded Amazon's core retail operations.

AWS not only demonstrated its dominance in technology infrastructure but also signaled that the data center business would become the core profit engine for the new generation of tech giants, attracting the attention of global investment firms.