GigaOM is reporting that a recently released study from UBS research is estimating that Amazon Web Services’ total revenue will top $500 million this year and $1.1 billion by 2014. This translates to an 801 percent annual increase ($329.4 million) over five years. If AWS hits UBS’s 2014 estimates, it will be a 2,890 percent increase ($1.3 billion) over eight years. Net annual income over the same time period (2006-2014) is estimated to grow by 6,148 percent ($386 million), according to GigaOM.