Amazon reports financial performance of its cloud division

April 26, 2015 1:34 AM

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Amazon reports financial performance of its cloud division

On Thursday, for the first time, online retailer Amazon reported the financial performance of its powerful growth engine. The numbers looked attractive, particularly when compared with companies like Microsoft and Google that are making strong efforts in the cloud computing and storage segment.

Amazon is mainly known as an online retailer and its revenue and its stock market returns have been increased by a completely different kind of commerce i.e. renting processing power to start-ups and, increasingly established businesses. Earlier, Amazon didn’t share the numbers for its cloud divisio...

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