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Amazon Web Services CEO: We're a $30 billion revenue run rate business in the 'early stages'

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Jim Cramer talks with Amazon Web Services CEO Andy Jassy about how its cloud service is helping companies to 'innovate much quicker.'

Amazon's cloud services business has been growing exponentially, but the company still has a long way to go, the division's CEO Andy Jassy told CNBC's Jim Cramer on Thursday.

"It's the early stages of the meat of early enterprise and public sector adoption in the U.S.," Jassy said."Outside the U.S., they're 12 to 36 months behind, depending on the country and industry. So it's still really early days."

 

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Amazing business

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