News Formal

Amazon is reportedly making over $100 million from one of its open source businesses — but the CEO behind the original software says Amazon isn’t slowing down its business

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 17 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 10%
  • Publisher: 51%

Sverige Nyheter Nyheter

Sverige Senaste nytt,Sverige Rubriker

The Information reported that Amazon appears to make as much money on Elasticsearch as Elastic does. Here's what Elastic CEO Shay Banon has to say.

generated $100 million in revenue last year from the top 100 customers of Amazon Elasticsearch Service, a paid service based on the popular Elasticsearch open source search engine project., the publicly-traded company that originally created the Elasticsearch software, did $271 million in sales in its last fiscal year. It's possible that when you factor in all of Amazon's million or so Elasticsearch customers, that it did about as much revenue, all in all.

That software, originally created by Elastic CEO and co-founder Shay Banon, is used by companies like Uber and Tinder to search and analyze their data. While the core software is open source, meaning free to use and modify,, Elastic charges for premium features that make Elasticsearch more useful to larger customers.

Vi har sammanfattat den här nyheten så att du kan läsa den snabbt. Om du är intresserad av nyheterna kan du läsa hela texten här. Läs mer:

 /  🏆 729. in SE
 

Tack för din kommentar. Din kommentar kommer att publiceras efter att ha granskats.

Are You Searching For A Data Entry Clerk? Please check out more details On Fiverr 👉 Dataentry Clerck Webresearch Scraping Leadgeneration virtualassistant Copypaste DataMining topclerck MsExcel Msword typing Translation spreadsheet

Sverige Senaste nytt, Sverige Rubriker

Similar News:Du kan också läsa nyheter som liknar den här som vi har samlat in från andra nyhetskällor.

UK's competition regulator to examine Amazon investment in DeliverooBritain's competition regulator served an initial enforcement order on Amaz... Amazon sells Chinese poo. (for real)
Källa: Reuters - 🏆 2. / 97 Läs mer »