Fears over stalling cloud services growth have hit Amazon’s share price, despite the company beating Wall Street estimates in its latest results. Microsoft and Google likewise showed better than expected cloud profit and loss accounts, perhaps indicating that such concerns are misplaced.have complained that cloud is getting expensive and some experience"sticker shock" after migrating from on-prem.
Andy Jassy, CEO at the online megacorp acknowledged that customers may be holding back just at the moment, but said longer term prospects for its cloud were still looking good. , while there may be some “angst” about declining cloud growth rates, the cloud sector is at least continuing to grow. The worldwide cloud market grew in value by 19 percent or more than $10 billion during the first quarter, compared with the same period last year, it said.
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