According to the latest report, Amazon cloud computing director Adam Selipsky said that he is not ready to spin off the lucrative AWS cloud computing unit. “We’re not going to spin off the cloud computing division right now,” Selipsky said. “We think that having AWS as part of Amazon serves customers well.”
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AWS is the largest provider of leased computing power and other cloud computing architectures. The unit, with more than $62 billion in revenue in 2021, accounts for about 74% of Amazon’s $24.9 billion operating profit.
Selipsky rejoined the AWS division last year after AWS founding CEO Andy Jassy took the helm. He believes that the cloud computing market is still in its early stages of development. He said that, according to the different estimates, only 5% to 15% of enterprise technology spending is currently invested in the field of cloud computing.
He also believes that as long as Amazon continues to grow rapidly, AWS can continue to maintain its leadership in cloud computing infrastructure and services as the market grows. “I think our market share can definitely be maintained and maybe even grown, but it depends on how well we perform,” he said.
While AWS has made small acquisitions in the past, Selipsky said the unit is now open to deals of all sizes. But because of the difficulty of consolidating large acquisitions in the tech industry, they are more inclined to “tuck-in” acquisitions, that is, directly incorporating the acquisition target as a division.
When asked what he thought of Elon Musk’s taking Twitter private and whether Amazon would buy the social network, Selipsky didn’t answer directly.
“I don’t know that. A big part of Amazon’s business revolves around partners in the ecosystem,” he said. , or acquiring users or messaging in the retail business, where we’re increasingly leveraging social channels to provide the shopping experience.
So we’re very closely intertwined with social media companies, and I can also imagine that all of our businesses will also be Continue to maintain this closely intertwined state.”
