February 2, 2023

AWS Earnings Q2 2022

AWS Earnings Q2 2022

Amazon Web Services CEO Adam Selipsky speaks at the AWS Reinvent Conference in Las Vegas on November 30, 2021.

Noah Burger | Getty Images

Amazon He said Thursday that revenue from the cloud segment rose 33% in the second quarter, topping analysts’ estimates.

Amazon Web Services generated $19.74 billion in revenue in the period, according to a statement. Analysts polled by StreetAccount had forecast $19.56 billion. The growth rate slowed from about 37% in previous quarter.

While Amazon still relies on retail for the bulk of its revenue, AWS is the company’s revenue driver and provides as important a source of diversity as the economy. slow down And consumers are reluctant to spend. However, even areas of the high-tech market are experiencing a change in the buying behavior of customers.

earlier this week, the alphabet And the Microsoft A slowdown has been reported in their cloud computing units. Both companies track AWS, which controls the file estimated 39% share. Microsoft reported 40% growth in Azure revenue, while Google cloud sales were up 36% from the previous year.

When asked on Tuesday what led to Alphabet’s Google Cloud Growth SlowingCEO Sundar Pichai said: “You see a diverse mix of some customers have been impacted in terms of their ability to spend, some customers are taking a little bit longer and maybe in some cases thinking about the term they book for and so on.”

At Microsoft, growth in Azure cloud consumption slowed during the quarter. Executive Director Satya Nadella He told analysts on Tuesday that clients are “trying to make sure they can do more with less.” He said Microsoft is encouraging its salespeople to make sure cloud bills are reduced.

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