While it appears that overall economic activity could be slowing down, one area that continues to soar is the cloud business. Just this week, Amazon and Microsoft reported their cloud numbers as part of their overall earnings reports.
While Microsoft’s cloud growth was flat from the previous quarter, it still grew a healthy 76 percent to $9.4 billion or a $37.6 billion run rate. Meanwhile AWS, Amazon’s cloud division, grew 46 percent to $7.4 billion or a $29.6 billion run rate. That’s up from $5.11 billion from a year ago.
