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

  • 📰 MarketWatch
  • ⏱ Reading Time:
  • 18 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 97%

United States News News

United States United States Latest News,United States United States Headlines

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.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

doesn’t sound great will be up 5% today

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 3. in US

United States United States Latest News, United States United States Headlines