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Why Amazon's AWS Cloud Business Will Continue to Grow

February 01, 2019 / Sean Michael Kerner

For a company that started off with the simple business of selling books online, Amazon has sure come a long way. While consumer goods, including books, are at the core of Amazon's business, it is the Amazon Web Services (AWS) cloud division that generated most of company's operating income in 2018.Amazon reported its full fiscal 2018 financial earnings on Jan. 31, with AWS revenue for the year reported at $25.7 billion, growing at 47 percent year over year. Even more impressive though is that operating income from the AWS division at $7.296 billion was higher than another other division within Amazon. Simply put, Amazon is now making more profit from the cloud than it is for any other business unit it operates.