Amazon AWS Cloud Growth Hits Fastest Pace in 15 Quarters
Amazon reported a massive earnings beat driven by its cloud computing division, AWS. AWS revenue surged 28% year-over-year to $37.6 billion, marking the fastest growth rate in 15 quarters. Total company revenue climbed 17% to $181.5 billion. The strong performance underscores the continued demand for cloud services amid the AI boom.
Key facts
- AWS revenue rose 28% to $37.6 billion.
- AWS growth was the fastest in 15 quarters.
- Total Amazon revenue increased 17% to $181.5 billion.
- The earnings beat was driven by AWS cloud growth.
Entities
Institutions
- Amazon
- AWS
Sources
- Quartz —