Amazon.com, Inc. (NASDAQ:AMZN) subsidiary Amazon Web Services is planning to launch a service similar to Microsoft Office and Google G Suite, according to a new report.
A report from The Information (via Fortune) suggest that AWS is working on its own version of Microsoft Office. The company is expected to soon launch word processing, spreadsheets, and presentation software.
Amazon is betting big on software for non-techies.
Two weeks ago, AWS launched Chime, a new tool for video and audio meetings to take on Skype-for-Business and Google Hangouts. This new unified communications service allows customers to host or join a meeting, chat, and share content and screens with a synchronized experience across desktops, iOS, and Android devices, according to Amazon.
Amazon claims that Chime is better than most of other online meeting tools available in the market. The service requires no upfront investment and complicated deployment. It is easy to use and install and is one-third the cost of traditional solutions.
Two years ago, the company announced WorkMail, an email and calendar app to compete with Microsoft Outlook and Google Gmail.
In addition, AWS also offers WorkDocs, a file-storage service that competes with Microsoft OneDrive and Google Drive.
According to the report from The Information, work on a Microsoft Office Killer product is in early stages. There is no comment from Amazon on this report.
Amazon Web Services
AWS is a cloud computing unit of Amazon. It operates a suite of cloud-computing services from 16 geographical regions across the world.
AWS has more than 70 services including storage, networking, database, analytics, application services, deployment, management, mobile, and the Internet of things tools.
For the three months ending on Dec. 31, AWS reported a year-over-year sales growth of 47% to $3.54 billion. The unit posted operating income of $926 million, up from $580 million, in the corresponding three months of 2015, Forbes reported.
For the three months ending on Dec. 31, Amazon reported net income of $749 million, or $1.54 per share, versus net income of $482 million, or $1 per share, in the same period of 2015. Analysts expected an average profit of $1.35 per share for the fourth quarter of 2016.
For the first quarter of 2017, the online retailer projects net sales to be between $33.25 billion and $35.75 billion, representing growth of 14% to 23% when compared with the first quarter of 2016. It also expects operating income to be between $250 million and $950 million, compared to $1.1 billion in the first quarter of last year.
Shares Amazon.com, Inc. (NASDAQ:AMZN) have been performing well so far this year. The stock is up nearly 13% year-to-date. Shares have jumped more than 50% during the past 12 months.