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Amazon's AWS Scoops Up Two New Customers: Hulu & FICO

On Monday, Amazon’s AMZN cloud computing business, Amazon Web Services, has announced that it has gained two new high-profile customers, popular premium TV service Hulu and credit scoring platform FICO, part of Fair Isaac Corporation FICO.

Hulu, which is co-owned by Walt Disney Co. DIS, 21st Century Fox FOXA, and cable giant Comcast CMCSA, will use AWS to run its live TV service, which officially launched in May. Hulu chose Amazon’s cloud platform over others given its “reliable and secure infrastructure,” and believes it will offer a “great viewer experience, even in times of rapid spikes in viewership and traffic.”

"Leaders in media and entertainment like Hulu are looking for more efficient ways to build scalable streaming and OTT solutions," said Mike Clayville, Vice President, Worldwide Commercial Sales at AWS. "AWS's unmatched scalability and reliability allow Hulu to continue to innovate and break new ground…without having to spend millions of dollars and thousands of person hours building and managing data centers."

AWS is now behind three major streaming platforms that include Amazon’s Prime Video and Netflix NFLX along with Hulu. Netflix is a longtime AWS customer, and the company uses the cloud computing service to analyze billions of messages across more than 100,000 application instances in real time every day. Other media services that utilize AWS include BBC, C-SPAN, Lionsgate LGF.A, Newsweek, PBS, Soundcloud, Spotify, and Time Inc. TIME, among others.

In a separate announcement, Amazon said that Fair Isaac, which provides analytic, software, and data management products and services like its FICO credit scoring system, has chosen AWS to be its cloud provider.

FICO said that it has “migrated” many of its core applications, including and its flagship analytics platform, over to AWS, and has plans to move even more applications throughout the next three years. Similar to Hulu, FICO said it chose AWS because of its cloud capability strength, like serverless computing, analytics, containers, and machine learning.

The company also said it will be better positioned to serve 95% of the biggest financial institutions in the United States with AWS, all of whom rely on FICO’s high-volume software.

"When we started to plan for our digital transformation, time to value, velocity, scalability, cost control and security were our top priorities. AWS's experience with other companies in highly regulated industries, combined with its industry leading technology, made AWS the obvious choice for FICO," said Jeet Kaul, VP Engineering at FICO.

Today, shares of Amazon closed the day up 1.58% to $983.30 per share, while FICO stock closed up 2.36% to $140.27 per share.

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Walt Disney Company (The) (DIS): Free Stock Analysis Report, Inc. (AMZN): Free Stock Analysis Report
Netflix, Inc. (NFLX): Free Stock Analysis Report
Fair Isaac Corporation (FICO): Free Stock Analysis Report
Comcast Corporation (CMCSA): Free Stock Analysis Report
Twenty-First Century Fox, Inc. (FOXA): Free Stock Analysis Report
Lions Gate Entertainment Corporation (LGF.A): Free Stock Analysis Report
Time Inc. (TIME): Free Stock Analysis Report
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