Amazon’sThe cloud unit saw a 36.5% increase year-over-year in the quarter. This was slightly faster than what analysts expected. Amazon shares dropped 9% during after-hours trading due to investors taking in $3.8 million of the overall loss.

This indicates that there is still an increasing demand for database, storage, and computing services from distant server farms. Amazon Web Services saw a slowing in revenue growth from 39.5% to 41.5%. the fourth quarter. AWS is fiercest competitor Microsoft’s Azure and Alphabet’s Google Cloud Platform, maintained constant growthOder decelerated slightly.

Amazon published the following information in its quarterly earnings announcementAWS revenues totaled $18.44 Billion in Q3, exceeding the consensus of StreetAccount analysts who had estimated $18.27 Billion. It is roughly 16% Amazon’s total revenue.

Amazon’s cloud business is more than just another rapidly growing one. Amazon has a lot to offer. cloud means profit. AWS’s first quarter operating income was $6.52B, an increase of almost 57% over the StreetAccount consensus at $5.62B. Amazon had $3.67 billion of total operating income in quarter one. Without AWS, the business could have suffered even greater losses.

AWS’ operating margin increased to 35.3%, up from 29.8% at the end of the fourth quarter.

Amazon introduced AWS in 2006, before Microsoft Azure or the Google Cloud Platform, and in 2020 AWS led the market with around 41% share, according to research firm Gartner.

AWS released its quarter-end report StellantisFiat Chrysler is now a subsidiary of. draw on its cloud servicesBest Buy is the best electronics and dashboard software retailer for cars. use more AWS tools.

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