Amazon's cloud business reports 20% growth in fourth quarter, missing estimates
Publishing timestamp: 2023-02-02 20:04:38
Summary
Amazon Web Services (AWS) revenue growth slowed in the fourth quarter of 2021, with customers reining in spending due to lower mortgage volumes, cryptocurrency prices, and advertising spending. AWS still leads the cloud infrastructure market, but its operating income and margin have decreased. Microsoft and Google are AWS' top competitors, and AWS has recently opened data center regions in Spain and Switzerland.
Sentiment: MIXED
Keywords: alphabet class a, technology, amazon.com inc, business, earnings, microsoft corp, enterprise, business news, breaking news: technology,
Source: https://www.cnbc.com/2023/02/02/amazon-aws-earnings-q4-2022.html