Amazon says AWS business facing short-term headwinds as companies are cautious on spending

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Amazon says AWS business seeing cautious customers

Amazon.com Inc.

said Thursday its AWS cloud business has an $85 billion annualized revenue run rate, but is facing short-term headwinds as companies are more cautious about spending. In its annual report, Chief Executive Andy Yassy said given the challenging macro backdrop, the AWS support team is spending time helping customers optimize their cloud spend.

 

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