Amazon has today published its Q2 financial report for 2017, with its cloud computing arm AWS acting as the catalyst for another profitable fiscal quarter. Despite falling short of the billion-dollar initial market revenue projection, AWS still managed to generate a healthy USD 916 million in operating income for the US based e-commerce heavyweight.
In comparison to the USD 2.9 billion gained in revenue during the same quarter last year, AWS’s revenue has swollen by 42% year over year in 2017 with net sales of USD 4.1 billion. Overall in Q2, Amazon’s net income stood at USD 197 million, with a total revenue of USD 38 billion. The company’s recent magnification of operations and personnel globally resulted in operating expenses to climb from USD 29.19 billion in 2016 to USD 37.33 this fiscal quarter.
AWS continues to lead the way in terms of business performance in the enterprise cloud computing market, despite increasing competition from Google Cloud and Microsoft’s Azure.
While announcing the Q2 results, CFO of Amazon, Brian Olsavsky, had this to say on AWS:
We are seeing great customer adoption. Customers are joining AWS largely because of its functionality and pace of innovation.
Amazon’s second quarter report did not disclose any further information pertaining to the company’s recent USD 13.7 billion acquisition of Whole Foods, as the deal has yet to officially close.