Massive growth shows why Amazon is the public cloud leader

Amazon showed off its dominance in the public cloud market on Thursday as the capstone to a better-than-expected quarterly earnings report.

Revenue from Amazon Web Services during the first quarter of 2016 was up 64 percent year-over-year, showing the big money that’s still out there as companies invest more and more in the public cloud. 

Amazon’s cloud platform generated revenue of $2.56 billion, putting it on pace to make $10 billion this year, in line with a letter from CEO Jeff Bezos sent to shareholders earlier this month. That’s big money to go with Amazon’s massive customer base, which includes names like Netflix, Time Inc., and Intuit. 

Right now, Amazon is sitting pretty in the public cloud business — it’s the leading player by a large margin, and these revenue numbers show how well it’s doing.