AWS reports its second quarter results, generates a revenue of $38.18 billion in 1st half of 2022

By VARINDIA - 2022-07-30

AWS reports its second quarter results, generates a revenue of $38.18 billion in 1st half of 2022

The sales of Amazon Web Services increased by 33 percent in its second quarter to $19.74 billion. AWS has been able to achieve this benchmark on the back of its parent company Amazon investing billions to build new data centers across the globe to accommodate the high demand for AWS cloud services.

 

“Right now we are at 84 [AWS] availability zones, so that’s 26 geographic regions, and we have got plans to launch 24 more of those availability zones across eight regions,” said Dave Fildes, director of investor relations, during Amazon’s second quarter earnings report.

 

“We are continuing to focus on building those out for customers, working on that pipeline, and building longer commitments,” Fildes said. “Finding customers that are making longer commitments is really important.”

 

The cloud giant generated $19.74 billion during its second quarter compared to $14.8 billion year over year.

 

As of the first half of 2022, AWS generated $38.18 billion in net revenue, an increase of roughly $10 billion in sales compared to the first six months of 2021. For its second quarter 2022, AWS reported operating income of $5.72 billion, up 36 percent year over year.

 

“We are prepared to help customers optimize their costs,” said Fildes. “But will also continue to find new customers and new industries, including government agencies. If you look where our investments have been over the last few years, it’s in the growth of our sales force and our sales support. It is showing benefits and we expect that to continue.”

 

AWS has also invested in hiring additional product engineers, sales people and customer support employees, according to Amazon Chief Financial Officer Brian Olsavsky.

 

“We know AWS is a huge opportunity. It’s early days in the [cloud] adoption curve for companies and governments,” said Olsavsky. “We invest with that confidence in mind and customers have responded and we’re going to keep investing there.”

 

Amazon also reported that the AWS Partner Network now includes more than 100,000 system integrators, resellers, MSPs and independent software vendors (ISVs) on a global basis.

 

At the AWS’ cybersecurity event re:Inforce, the Seattle-based cloud giant had launched a slew of new products and partner programs. AWS says it now has more than 200 products and services.

 

For AWS parent company Amazon, the technology conglomerate generated $121.2 billion in sales during the second quarter, representing 7 percent growth year over year.

 

Amazon’s total operating income decreased to $3.3 billion during the quarter, compared to $7.7 billion in second quarter 2021. The company reported a net loss of $2 billion in the second quarter, compared to generating $7.8 billion in net income during the same quarter one year ago.

 

“Despite continued inflationary pressures in fuel, energy, and transportation costs, we’re making progress on the more controllable costs we referenced last quarter, particularly improving the productivity of our fulfillment network,” said AWS CEO Andy Jassy in a statement.


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