BuzzFeed - "Amazon Web Services is a $5 billion business and still growing fast ? in fact it's accelerating." Amazon.com founder and CEO Jeff Bezos. Sajjad Hussain / Getty Images The public finally knows a little more about Amazon's 9 year old cloud computing businesss Amazon Web Services. The company for the first time broke out revenue and profit figures for AWS, saying it had $1.57 billion in sales in the first quarter of this year and $265 million in profit, up from a $245 million profit and $1.05 billion in sales in the first quarter of last year. AWS's margins, however, declined to 16.9% from 23.3% in the first quarter of last year. While the revenue figure was in line with what many analysts expected, the robust profit figure was a surprise, especially considering how willing Amazon is to sacrifice the profitability of a business in order to drive up revenue and win market share. "Amazon Web Services is a $5 billion business and still growing fast â in fact it'
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