Amazon’s Cloud Growth Shows Signs of Slowing

On Thursday, Amazon reported quarterly revenue of $19.3 billion, but income was a net quarterly loss of $126 million. That was more than twice as much red ink as Wall Street analysts had been predicting, and the company’s stock price fell 10 percent after the numbers went public.

Amazon Web Services (AWS), the company’s cloud computing division, also seemed to stumble. Amazon reports AWS sales as part of an “other” category rather than breaking them out separately. For this quarter, other revenues dropped 3 percent from last quarter. Analysts suggest that the pricing wars among cloud computing vendors may be eating into sales figures. Competitors like Google and Microsoft could also be gaining market share.

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