Amazon's cloud margin widens on accelerating revenue growth
Publishing timestamp: 2024-04-30 18:27:13
Summary
Amazon Web Services exceeded revenue growth expectations in the first quarter, with a 17% increase. The company also completed a $4 billion investment in startup Anthropic, which uses AWS chips for training AI models. AWS remains a major player in the cloud market, with strong operating income and margins. Other tech giants like Google and Microsoft also reported accelerating cloud growth.
Sentiment: POSITIVE
Keywords: business, amazon.com inc, earnings, alphabet inc, microsoft corp, breaking news: technology, technology, breaking news: earnings, business news, enterprise,
Source: https://www.cnbc.com/2024/04/30/aws-q1-earnings-report-2024.html