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Highlights
- Amazon’s AWS cloud unit reported 20% year-on-year growth, following a 17.5% growth in the fiscal second quarter.
- Retail revenue rose 11% year-over-year, outpacing most large U.S. peers, while advertising sales jumped 24% to $17.7 billion.
- CEO Andy Jassy said on Thursday AWS is 'growing at a pace we haven't seen since 2022,' citing strong demand for AI and core infrastructure.
Vote 34
References
Amazon raises spending forecast to $125 billion as third-quarter results top estimates
Amazon Q3 earnings beat on top and bottom lines as AWS growth sends stock higher
Amazon Sales Rise 13% to $180 Billion in Q3, AWS Revenue Jumps 20%
Amazon Stock Pops as Earnings Top Estimates, Driven by AWS Growth
:max_bytes(150000):strip_icc()/GettyImages-2243392135-0028d9319ee44618a83d8726913826ad.jpg)
Amazon reports strongest cloud growth since 2022 after major outage
Cloud services offer ray of sunshine as Amazon beats expectations
Amazon shares soar as AI demand boosts cloud revenue — and results fire up CEO Andy Jassy
Amazon reports higher sales and earnings for 3Q, helped by its fast-growing web services business
Amazon shares rise amid buoyant earnings report - UPI.com
Amazon posts biggest cloud growth in years, sending shares up 13%
AMZN: Amazon Stock Soars as AI-Related Revenue Rockets, Net Profit Pops 39%
Amazon Stock Pops As Q3 Tops Forecasts: AWS Strong, $1.8 Billion In Severance Costs, Shout-Out To ‘The Summer I Turned Pretty’
Amazon Ad Revenue Soars 24 Percent to $17.7 Billion
Amazon reports higher sales and earnings for 3Q, helped by its fast-growing web services business
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