Amazon Web Services CEO Matt Garman speaks at the Wall Street Journal Technology Live Conference in Laguna Beach, California, on October 21, 2024.
Frederic J. Brown | Frederic J. Brown AFP | Getty Images
Amazon It said its cloud division’s third-quarter revenue grew 19%, slightly lower than analysts’ expectations.
Amazon Web Services revenue totals $27.45 billion statement On Thursday, Wall Street expected $27.52 billion, according to StreetAccount estimates. Year-on-year growth has accelerated for five consecutive quarters.
AWS has surpassed Google and Microsoft to lead the cloud infrastructure market and is an important source of profit for Amazon.
Tuesday letter It said that Google Cloud revenue, including cloud applications and infrastructure, totaled $11.35 billion, an increase of 35%. Microsoft Revenue from Azure and other cloud services grew 33%, the company said on Wednesday.
AWS achieved operating income of US$10.45 billion, accounting for 60% of the parent company’s profits. Analysts expected $9.15 billion.
The segment’s operating margin was 38%, AWS’s highest operating margin since 2014.
During this season, Oracle Indicates that it will introduce database services to AWS.
AWS CEO Matt Garman said in an interview with CNBC in September: “If it succeeds, we would love to find more application stacks that can work well in AWS and help customers do that.
Also during the quarter, AWS announced plans Stop certain services, including the code repository tool CodeCommit. Garman told TechCrunch AWS “cannot invest in everything.”
Amazon will host an analyst conference call beginning at 5 p.m. ET.
This is breaking news. Please check back for updates.
watch: Databricks brings over $1 billion in revenue on AWS, says Naveen Rao
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