Amazon's cloud business jumped 37% from this time last year, but sees biggest slowdown in more than five years — and missed analyst estimates

Россия Новости Новости

Amazon's cloud business jumped 37% from this time last year, but sees biggest slowdown in more than five years — and missed analyst estimates
Россия Последние новости,Россия Последние новости

Although Amazon Web Services saw a slowdown in growth, it's a major driver of Amazon's profits. Still, Amazon's results disappointed Wall Street.

On Thursday, Amazon announced that its cloud Amazon Web Services generated $8.38 billion in net sales this quarter, up 37% from this time last year. This is AWS's slowest quarterly growth rate in more than five years. This quarter, AWS comprised of more than two-thirds of Amazon's operating income — but fell short of the $8.5 billion mark that Wall Street had wanted to see. Visit Business Insider's homepage for more stories.

On Thursday, Amazon announced that its cloud Amazon Web Services generated $8.38 billion in net sales this quarter, up 37% from this time last year. This is AWS's slowest quarterly growth rate in more than five years. This quarter, AWS comprised of more than two-thirds of Amazon's operating income — but fell short of the $8.5 billion mark that Wall Street had wanted to see. Visit Business Insider's homepage for more stories.

 

37% growth and twice the size as their 3 biggest competitors put together. How horrible.

Россия Последние новости, Россия Последние новости

Similar News:Вы также можете прочитать подобные новости, которые мы собрали из других источников новостей

Starbucks Chases Amazon Into The Cloud With Investment In Tech Startup BrightloomStarbucks Chases Amazon Into The Cloud With Investment In Tech Startup BrightloomStarbucks said it will license its in-house-built digital technology to startup Brightloom, which sells cloud-based software to the restaurant industry.
Прочитайте больше »



Render Time: 2025-01-10 05:47:37