Amazon 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 US$800 million to US$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 US$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 US$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.