Amazon Reports Cloud Unit Grew at Fastest Rate Since 2022
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Amazon's cloud unit, Amazon Web Services, reported a 20% revenue growth, the highest year-over-year rise since 2022, alleviating investor concerns about its growth rate.
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Market impact analysis based on bullish sentiment with 90% confidence.
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Amazon’s cloud unit posted the strongest growth rate in almost three years, reassuring investors who were concerned that the largest seller of rented computing power was losing ground to rivals. Amazon Web Services posted revenue of $33 billion, an increase of 20% from the prior year and the biggest year-over-year rise since the end of 2022. Chief Executive Officer Andy Jassy and other executives had said they were optimistic about the business, though they stopped short of forecasting a reacceleration of growth. Bloomberg Intelligence Senior Analyst for E-Commerce and Athleisure Poonam Goyal and Bloomberg Tech Co-Host Ed Ludlow join Bloomberg Businessweek Daily to discuss. They speak with Carol Massar and Tim Stenovec. (Source: Bloomberg)
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المقال الأصلي منشور بواسطة Bloomberg في أكتوبر 31, 2025. التحليل والرؤى المقدمة من AnalystMarkets AI.