Amazon(s amzn) didn’t wow the street with its second-quarter earnings news but the company will definitely keep investing in its cloud infrastructure. For its upcoming third quarter, it plans to spend a healthy $800 million to $900 million in capex money on technology, Amazon CFO Tom Szkutak told analysts on the company’s earnings call.
That’s up considerably from the $657 million Amazon devoted to buying fixed assets “including internal-use software and website development” technology for the just-closed second quarter. The comparable figure for its first quarter was $433 million.
The company does not — it probably cannot — break out how much of that tech spending flows into the Amazon Web Services computer infrastructure it rents out to customers vs. the IT it uses to run its gargantuan retail business.
One thing is clear: While Amazon is the market-leading cloud service provider, other companies with deep pockets — Microsoft(s msft)…
View original post 93 more words