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AWS recorded its weakest growth to date and missed analysts’ estimates
source link: https://nextbigwhat.com/aws-recorded-its-weakest-growth-to-date-and-missed-analysts-estimates/
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AWS recorded its weakest growth to date and missed analysts’ estimates
about 4 hours ago
Amazon’s AWS recorded growth of 27.5%, falling short of analysts’ expectations. It’s the group’s slowest expansion at least since 2014, when Amazon began disclosing the group’s financial information.
According to a statement, AWS’s revenue came in at $20.5 billion when analysts had predicted $21.1 billion. Presently, 16% of Amazon’s overall revenue comes from AWS.
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