Instant Reaction: Amazon Reports Cloud Sales Growth for Fifth Straight Quarter
Amazon.com reported cloud-computing revenue that beat analyst estimates, with booming demand for artificial intelligence services accelerating sales for the fifth straight quarter. Revenue jumped 37% to $42.2 billion at Amazon Web Services, which generates about a fifth of the company’s revenue and most of its operating profit, the company said Thursday in a statement. It was the fastest pace of growth since the fourth quarter of 2021. Analysts, on average, forecast sales of $40.6 billion, according to data compiled by Bloomberg.
For instant reaction and analysis, Bloomberg Businessweek Daily hosts Carol Massar and Tim Stenovec speak with:
- Ed Ludlow, Bloomberg Tech co-host
- Poonam Goyal, Bloomberg Intelligence Senior Analyst for E-Commerce and Athleisure
- Anurag Rana, Bloomberg Intelligence Senior Technology Analyst
See omnystudio.com/listener for privacy information.
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Amazon.com reported cloud-computing revenue that beat analyst estimates, with booming demand for artificial intelligence services accelerating sales for the fifth straight quarter. Revenue jumped 37% to $42.2 billion at Amazon Web Services, which generates about a fifth of the company’s revenue and most of its operating profit, the company said Thursday in a statement. It was the fastest pace of growth since the fourth quarter of 2021. Analysts, on average, forecast sales of $40.6 billion, according to data compiled by Bloomberg.
For instant reaction and analysis, Bloomberg Businessweek Daily hosts Carol Massar and Tim Stenovec speak with:
- Ed Ludlow, Bloomberg Tech co-host
- Poonam Goyal, Bloomberg Intelligence Senior Analyst for E-Commerce and Athleisure
- Anurag Rana, Bloomberg Intelligence Senior Technology Analyst
See omnystudio.com/listener for privacy information.
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