It is no secret that cloud computing is gaining popularity within many businesses. It is estimated that by 2018, more than 60% of companies will have at least half of their infrastructure on the cloud, and 82% of enterprises are using cloud services today. When surveyed, security, cloud computing, and mobile devices are the top three initiatives IT executives are planning to focus their businesses around within the next year.
And the reason is simple: it works.
Consider Amazon. The web based e-commerce retailer has recently released its first quarter report and has brought in record sales -- all thanks to their cloud business.
Amazon Web Services business is responsible for the most profitable earnings in the company's 22-year tenure. In recent years, investors have been flexible in allowing Amazon to experiment with putting all its money in one basket when it comes to new initiatives because their track record has proven they are more than capable.
It is pretty easy to say that the investors are smiling now, as at the end of April, Amazon reported a net income of $513 million, with $1.07 a share. This is compared to the loss of $57 million and share value at 12 cents just one year ago. Experts are both shocked and thrilled, as they had predicted quarterly earnings of only 58 cents a share.
Additionally, for this past quarter, Amazon reported the highest earnings in its network assessment compared to Apple and other big companies.
Amazon Web Services started 10 years ago, but has only recently gained steam. Now on track to bring in $10 billion a year in revenue, this cloud service is the largest, most used web service for start-ups and large businesses looking for outsource IT services. The profit was a whopping 56% of the total net profits Amazon raked in this past quarter.
Forbes magazine recently reported that four out of five small businesses will soon rely on cloud computing as it is efficient, accessible, and cost-effective. Dealing with professional network consultants will take the headache out of the frustrating IT processes, and give you peace of mind that your important information is secure. Head over to MVP Network Consulting, LLC today to get everything you need for cloud computing!