Amazon Falls Short Of Overall Revenue Prediction Despite AWS Revenue Growth Nearing 40%
Amazon's cloud computing division, AWS, grew its revenue by 39 percent in the third quarter, marking its fastest growth in nearly five years. Despite this strong performance in AWS, Amazon missed its overall earnings prediction for the quarter. CEO Andy Jassy attributed the AWS growth to high demand that has exceeded the company's current capacity, which is booked through this year and most of next year. Jassy expects AWS growth to exceed 40 percent in 2027 and 2028.
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National story. 11 articles from 8 sources. 6 are on the bar; 2 are international, entertainment or tech outlets, listed separately. Updated 11d ago.
The story so far
2 developments- Oct 28Amazon earnings preview: AWS is booked up, and Wall Street wants to know what comes next
- Oct 29AWS growth hits 39%, its fastest in nearly five years, as Amazon misses on earnings
Who covered each development
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Quiet for 12 daysLast development · Oct 29 — AWS growth hits 39%, its fastest in nearly five years, as Amazon misses on earnings
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2 sourcesAmazon's cloud unit grew 39%, its fastest pace in nearly five years, beating forecasts
Amazon is heading into earnings with most AWS capacity sold out and cash flow negative
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3 sourcesAWS growth hits 39%, its fastest in nearly five years, as Amazon misses on earnings
Amazon Falls Short Of Overall Revenue Prediction Despite AWS Revenue Growth Nearing 40%
Amazon earnings preview: AWS is booked up, and Wall Street wants to know what comes next
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1 sourceAmazon Earnings Preview: Why Wall Street Is Bullish On Cloud Growth
Other outlets
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