Amazon’s Cloud Growth Shows Signs of Slowing

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.

View article


About Our Editorial Process

At DevX, we’re dedicated to tech entrepreneurship. Our team closely follows industry shifts, new products, AI breakthroughs, technology trends, and funding announcements. Articles undergo thorough editing to ensure accuracy and clarity, reflecting DevX’s style and supporting entrepreneurs in the tech sphere.

See our full editorial policy.

About Our Journalist