How big is Amazon Web Services? Bigger than a billion

GigaOM: If you parse Amazon’s first quarter earnings, you could be forgiven for thinking that Amazon Web Services is now a $2 billion-a-year business.

That’s because Amazon’s revenue from the “other” category for the quarter ending March 31, 2012 was $500 million, up from $311 million for the year-ago period. If you assume “other” is AWS only, that’s a $2 billion-a-year run rate for 2012.

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