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  • Amazon's Cloud Business Reports 20% Growth in Fourth Quarter, Mi

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    J Burn
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    Amazon's cloud business, AWS, reported 20% revenue growth in Q4, missing analyst estimates and slowing from 27.5% growth in Q3, as customers reduced spending. While AWS continues growing faster than Amazon overall, the deceleration indicates customers tightening budgets. During the quarter, AWS opened new data center regions in Spain and Switzerland to expand infrastructure.

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    Amazon's cloud business reports 20% growth in fourth quarter, mi

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    Amazon's cloud business, AWS, reported 20% revenue growth in Q4, missing analyst estimates and slowing from 27.5% growth in Q3, as customers reduced spending. While AWS continues growing faster than Amazon overall, the deceleration indicates customers tightening budgets. During the quarter, AWS opened new data center regions in Spain and Switzerland to expand infrastructure.

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    4 views2 pages

    Amazon's Cloud Business Reports 20% Growth in Fourth Quarter, Mi

    Uploaded by

    J Burn
    Amazon's cloud business, AWS, reported 20% revenue growth in Q4, missing analyst estimates and slowing from 27.5% growth in Q3, as customers reduced spending. While AWS continues growing faster than Amazon overall, the deceleration indicates customers tightening budgets. During the quarter, AWS opened new data center regions in Spain and Switzerland to expand infrastructure.

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    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
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    of 2

    Amazon's cloud business reports 20% growth in fourth

    quarter, missing estimates


    cnbc.com 1 hours ago

    While Amazon Web Services is growing faster than its parent


    company, the business is seeing a deceleration as customers
    reel in spending.

    The cloud unit opened data center regions in Spain and


    Switzerland in the quarter.
    Amazon said revenue in its cloud unit increased by 20% in the
    fourth quarter, a slower pace than analysts had projected and
    more sluggish than the 27.5% growth rate in the third quarter.

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