Amazon AWS Reports 39% Revenue Growth and Increased Operating Income in Q3
Amazon's cloud computing division, AWS, reported third-quarter revenue of $45.98 billion, representing a 39% year-over-year increase that exceeded analyst expectations. This acceleration follows similar growth trends observed in competitors like Google Cloud and Microsoft Azure, highlighting an industry-wide surge driven by artificial intelligence demand. The unit's profitability also saw a significant boost, with operating income reaching $17.77 billion, a 55% increase from the previous year. To support ongoing AI workloads, AWS announced plans to expand its Nvidia GPU portfolio and confirmed strategic deals with Meta and OpenAI, alongside the acquisition of data analysis startup DuckLabs.
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Topics: AI infrastructure AWS earnings cloud computing growth M&A Nvidia chips
Part of the story Amazon AWS Reports 39% Revenue Growth and Increased Operating Income in Q3 (3 articles)