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Amazon’s quarterly profits soar to a record $20 billion, but cloud growth comes up short

GeekWire

However, growth in the closely watched Amazon Web Services cloud unit was slightly lower than expected, with sales of $28.8 That makes for a trend in the cloud industry. billion) accounted for just 15% of Amazon’s total sales ($187.8), the cloud unit’s operating profits ($10.6 in advance of the report.

Cloud 112
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Amazon stock jumps 6%; Q3 revenue up 11% to $158.9B; profits hit $15.3B; AWS sales up 19%

GeekWire

Amazon Web Services met expectations with $27.4 The cloud unit continues to drive profits for the larger business, reporting $10.4 Amazon Web Services: Amazon’s cloud business was up 19% at $27.4 Investors are keeping a close eye on the impact of AI adoption on cloud computing giants.

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AWS growth slows further by persistent macroeconomic uncertainty

CIO Business Intelligence

Revenue growth at Amazon’s cloud computing division, Amazon Web Services, continued to slow in the fourth quarter as enterprises advanced their cost-cutting measures, brought on by uncertain macroeconomic environment. Google’s cloud revenue growth also slowed to 32% for Q4, down from 38% in the previous sequential quarter.

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Amazon earnings preview: Advertising and AWS expected to continue fueling profits

GeekWire

Analysts will be watching for continued growth in the company’s key profit drivers: advertising and cloud computing. Generative AI boosting cloud Analysts are expecting double-digit growth in Amazon Web Services. Generative AI boosting cloud Analysts are expecting double-digit growth in Amazon Web Services.

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Animal Logic Contemplates Cloud Options for VFX Rendering - Data.

Data Center Knowledge

Cloud Computing. Animal Logic Contemplates Cloud Options for VFX Rendering. Animal Logic Contemplates Cloud Options for VFX Rendering. To accomplish rendering on movies and keep pace with rapidly growing compute demands, the company has had to constantly evaluate on-premise equipment upgrades or cloud opportunities.

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Rackspace: AWS is Clouding the Picture on Dedicated Servers.

Data Center Knowledge

Cloud Computing. Rackspace: AWS is Clouding the Picture on Dedicated Servers. Rackspace: AWS is Clouding the Picture on Dedicated Servers. He emphasized that Rackspace doesn’t aspire to be the cheapest cloud player, building its business on its “Fanatical Support,” which is a major differentiator for the San Antonio firm.

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Amazon shares rise 4% as cloud and advertising power record Q4 revenue of $170B

GeekWire

The company’s cloud, advertising, and third-party seller services businesses met or exceeded estimates in Q4, while overall operating income increased to $13.2 Amazon Web Services: Amazon’s cloud business was up 13% at $24.2 Advertising brought in $14.6 Wall Street expected earnings of $0.80