Revenue did top estimates. One bright spot was web services, growing sales at 55 . We did talk to andy jassy earlier this month. Business is growing fast. Its an 11 billion run rate business trailing 12 months basis growing 58 year over year. The business is growing by leaps and bounds. Were trying to enable enterprises and Companies Run all their applications on top of our infrastructure platform and it turns out that database is an area they care a lot about and for the last 30 years theyve had relatively little freedom. Pretty amazing, jon. Gene munster at piper today estimates aws is closing in on 40 of net profits on a normalized basis. Incredible. Right. With amazon, you never know exactly what the profitability of the rest of the business is going to be. So who know where is that goes from here. But, yeah, the growth there strong, amazons topline strong as well. The real casualty of this quarter seems to be kind of the santa claustype expectations perhaps about this level of pro
We have no plans to slow down. Our goal is to bring you access to many of the biggest news makers in attendance. Steven schwarzman will be joining us in a few minutes. We have three big stories were watching. Earnings season is in full swing. Then this afternoon, american express, ebay and Discovery Financial and december Housing Starts and Building Permits at 8 30 eastern time. Both ratings are expected to rise by a percent and a debate is stirring after the state of the union last night. The economy the big focus. The president calling for tax hikes on the wealthy to finance tax breaks for the middle class. So the verdict is clear. Middle class economic works. Expanding opportunity works. And these policies will continue to work as long as politics dont get in the way. We cant slow down businesses or put our economy at risk with government shutdowns or fiscal show downs. We cant put the security of families at risk by taking away their Health Insurance or unraveling the new rules on
Steps toward a truce. Stocks rose on that news. President obama is in estonia where the u. S. Will build up coalition to degrade and destroy the Islamic State after they killed another american journalist. Lvmh has agreed to give up its 23 stake in its rival. It will do struggle it will. Istribute hermes president obama took the podium addressing concerns about russia and ukraine writing and the Islamic States push in iraq. For more, we are joined by peter cook. There seems to be some progress in ukraine but a bit of confusion. At 4 00 this morning, we heard of a permanent ceasefire which was the statement from the president of ukraine. After that, we heard from the russians that maybe its not a full ceasefire. Now it seems like there is something in between. And ifoward a ceasefire this is true, this is good news. President obama said the same and press conference in estonia this morning. Voice thear in his skepticism and the question about whether russia will deliver here. The timing
/PRNewswire/ The "State of the Cloud: Leveraging Cloud Computing, AI, and Data for Business Success" report has been added to ResearchAndMarkets.com s.
The State of the Cloud: Third-party Partner Engagement Set to Shift by 2025 tmcnet.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from tmcnet.com Daily Mail and Mail on Sunday newspapers.