Amazon’s AWS Unit Reports Q2 Revenue Of $1.8B, $391M Profit

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Amazon released its latest quarterly earnings report today and for only the second time since it launched its AWS cloud computing service, the company broke out earnings for that business unit.

The company reported that AWS now accounts for $1.824 billion of its total revenue. That’s up significantly from the last quarter, when Amazon reported AWS net sales of $1.566 billion and up a whopping 81 percent from the $1.05 billion it reported in the year-ago quarter.

AWS profit in Q2 quarter was $391 million, a significant increase from the $77 million it reported for the year-ago quarter and even the $265 million in the last quarter.

Last year, Amazon CEO Jeff Bezos said AWS was on its way to becoming a $5 billion business. With revenue of $3.389 billion in the first six months of 2015, AWS is now on course to becoming more of a $6 billion business — and if sales continue to increase at this pace in the next six month, $7 billion is definitely a possibility.

Overall, Amazon had revenue of $23.18 billion in the last quarter and earnings per share of $0.19. The street had expected Amazon to lose $0.14 per share on revenue of $22.39 billion. Amazon’s stock jumped over 14 percent in after-hours trading.