Despite all the hype, it’s still early in the cloud game — and big-time cloud revenues have yet to arrive. At least that’s the spin from Matt Asay, a CNet blogger and chief operating officer at Canonical. Asay notes that Amazon’s Elastic Compute Cloud (perhaps the best-known cloud environment out there) is believed to only generate about $220 million annually in annual revenues. That’s a rather small sum, considering Amazon’s annual corporate revenue was $24.5 billion in 2009. So, when will cloud revenues really kick in?
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