The numbers speak: Amazon cloud soon to be a billion-dollar business
For anyone wondering about the economic viability of publicly delivered, platform-as-a-service cloud computing, here's something to ponder: Amazon Web Services is on track to become a $1 billion business within the next three years. Business Insider quotes UBS analyst Brian Pitz, who estimates the annual revenue for AWS at about $500 million this year, growing to $750 million next year.