Is Amazon’s EC2 generating $220M per year?

The analysis leaves a lot to be desired, but the conclusions of CloudScaling’s Randy Bias cannot be ignored. And while simple, the math is grounded in reasonable assumptions and backed by independent sources.

His figure puts AWS revenue for EC2 alone at almost $220 million annually. This is real revenue. And we think he estimate for S3 revenues is way low – the bandwidth costs alone are enormous. There are some interesting points raised in the comments. Care to raise any here?