Amazon AWS posts 39% revenue growth as cloud rivals also accelerate
Amazon's cloud signed deals with Meta and OpenAI during the quarter, helping revenue to exceed consensus.
Amazon's cloud-computing unit reported more rapid third-quarter growth than analysts had projected.
Revenue came in at $45.98 billion, up 39% year over year and above the $45.29 billion consensus among analysts polled by StreetAccount, according to a statement . Growth in the second quarter came in at about 37% .
All the major clouds have been racing to build data centers that can accommodate high artificial intelligence demand. During the quarter, AWS announced plans to expand its portfolio of Nvidia graphics processing units that can handle AI workloads.
AWS also acquired data analysis startup DuckLabs and signed deals with Meta and OpenAI, according to the statement.
The AWS segment generated $17.77 billion in third-quarter operating income, up 55% and more than the $16.97 billion StreetAccount consensus.
The unit now accounts for almost 23% of Amazon's revenue, a record.
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- CNBC29 Oct, 22:59
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