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Amazon's cloud is sitting on at least $12.4 billion of future revenue

Amazon’s cloud is resting on at least $12.4 billion of future profits

Amazon’s cloud business is now releasing numbers that show something crucial about its client base: loyalty. Amazon revealed in its most current quarterly report that it had $12.4 billion in backlog profits for Amazon Web Provider. The balance represents the total worth of signed agreements that didn’t get reported as earnings since the agreements …

See all stories on this topic Amazon Summer-sale Declared to Require on Flipkart Enormous Shopping Days Sale

Flipkart’s Huge Shopping Days sale is around the corner and to counter it, Amazon has announced its own Summertime Sale this month. To nobody’s surprise, the Amazon sale will go on from May 13 to May 16, the exact same four days as Flipkart’s sale. Under the sale, Amazon will offer many offers on smart phones, consumer electronics, fash …

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