Amazon’s AWS (AMZN) is chosen by Richemont, the customer base is growing
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Amazon AMZN continues to build on its powerful cloud computing arm Amazon Web Services (AWS). AWS’s strong customer momentum drives revenue for AMZN.
Compagnie FinanciÃ¨re Richemont has chosen AWS as its preferred cloud provider.
Richemont is moving its corporate IT infrastructure to AWS to accelerate product innovation, automation and digital transformation. It will close its European data centers.
It will migrate over 5,000 virtual machines and 120 SAP instances to AWS. In addition, it is preparing to move additional data centers located in Hong Kong and the United States to AWS by the end of 2022.
For the aforementioned purposes, Richemont will leverage the strong machine learning (ML), analytics, security, and database capabilities of AWS. He will also use the AWS Marketplace and AWS Skills Guild.
Richemont’s latest initiative highlights the efficiency and reliability of AWS’s innovative cloud products and services. AWS’s focus on improving its offerings is likely to boost customer momentum.
Amazon recently announced the general availability of Babelfish for Amazon Aurora PostgreSQL-Compatible Edition helps run Microsoft SQL Server applications on Amazon Aurora seamlessly. This new capability is well suited to Amazon Aurora to understand commands for applications written for Microsoft SQL Server.
AWS has made Amazon Elastic Compute Cloud (Amazon EC2) DL1 instances generally available. DL1 instances supported by Gaudi accelerators from Habana Labs help in training ML models.
Additionally, Amazon has made a new device called the AWS Panorama Appliance generally available. The device can run applications, which require analysis of multiple video streams from existing on-site cameras.
Expand the customer base
We believe that AWS’s expanding portfolio will continue to help AWS gain customers.
Recently, AWS was selected by Qualtrics, the preferred cloud provider. Qualtrics is moving its comprehensive portfolio of customer-centric workload and experience management applications to AWS.
Additionally, adidas chose AWS as their preferred cloud provider for SAP workloads. The first will move its SAP workloads to the second to digitize its core business processes.
Additionally, Under Armor chose AWS as the preferred cloud provider for SAP. It will integrate its SAP environments with AWS technologies to gain meaningful insight into its activities.
NXP semiconductors NXPI recently selected AWS as its preferred cloud provider and shifted its electronics design automation workloads to AWS to increase throughput in its design centers.
AWS’s analytics, machine learning, storage, analytics, and high-performance computing capabilities are leveraged by NXP Semiconductors for the aforementioned purposes.
That aside, Apollo Tires, based in India, has switched to AWS and is migrating its IT infrastructure to the latter’s cloud platform.
We believe the expanding customer base will continue to drive revenue for AWS, which generated $ 16.1 billion in revenue in the third quarter of 2021, up 39% year-over-year , representing 14.5% of total turnover.
We note that capturing Amazon’s customer base will continue to help its cloud dominance.
According to Canalys’ latest report, AWS accounted for 32% of global cloud spending in the third quarter of 2021, maintaining its leadership position in the burgeoning cloud market.
MicrosoftMSFT Azure, the second largest cloud service provider, accounted for 21% of global cloud spending and AlphabetGoogle Cloud’s GOOGL accounted for 8% of cloud spending, ranking third among cloud providers.
Amazon, currently ranked 5th in Zacks (strong sell), faces stiff competition from Microsoft and Alphabet as both target greater market share through their growing cloud wallets, which are increasing their market share. cloud revenue. This poses a serious threat to Amazon’s dominant position in the cloud market.
Alphabet generated $ 4.9 billion in revenue from Google Cloud in the third quarter of 2021, up 44.9% year-over-year.
Microsoft’s cloud revenue was $ 20.7 billion in the first quarter of fiscal 2022, up 36% year-on-year.
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