Market Realist December 16, 2019
In 2019, there were many instances in which companies adopted emerging technologies, such as blockchain, the cloud, AI, and machine learning, to improve their operational functions. Many tech companies in the cloud business reported substantial revenue growth, especially in their cloud segments. Cloud technology makes it possible to access data online even when you’re on the go.
Companies such as Amazon, Alibaba, Microsoft, and Google provide services from infrastructure to networks and storage facilities.
A summary of tech companies’ cloud revenues
According to Amazon’s most recent earnings release, its Cloud segment turnover grew by approximately 35%. AWS (Amazon Web Services) reported a sales figure of $9 billion in the third quarter of 2019. AWS’s...
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