CNBC April 27, 2023
Key Points
– Amazon Web Services beat consensus on revenue growth, but it wasn’t quite as profitable in the quarter as analysts had thought it would be.
– The unit announced plans in the quarter to open data centers in Malaysia.
Amazon said Thursday that its cloud unit grew revenue by about 16% in the first quarter, a slightly more rapid pace than analysts had projected.
Revenue from Amazon Web Services totaled $21.35 billion, representing almost 17% of Amazon’s overall revenue, according to the company’s earnings statement. Analysts surveyed by StreetAccount had expected $21.22 billion in AWS revenue. In the fourth quarter, AWS revenue grew 20%.
“AWS sales and support teams continue to spend much of their time helping customers...
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