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Amazon (AMZN) Q4 Earnings In-Depth: AWS Growth Slows

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E-commerce giant Amazon (AMZN - Free Report) just released its fouth-quarter fiscal 2016 earnings results. While Amazon made its name as an online shopping marketplace, one of the most notable aspects of today’s report was the latest data from Amazon Web Services.

(Also Read: The Complete Guide To Everything Owned By Amazon)

Web Services is a collection of enterprise-level platforms designed for websites and companies that can’t afford the time or money it takes to develop their own server farms. In other words, AWS provides cloud-based storage and templates for companies to quickly boost their computing capabilities.

Launched a decade ago, AWS has really exploded in popularity over the past few years. In the third quarter, Amazon reported AWS revenues of $3.231 billion, which represented growth of 55% year-over-year and 12% sequentially.

According to today’s report, Amazon Web Services revenues came in at $3.536 billion for the fourth quarter. This figure was up 47% from the prior-year quarter and represents sequential growth of 9.4%.

Make sure to check back later for more commentary on the growth of Amazon Web Services!

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