Amazon Web Services (AWS) has reached an annual revenue run rate of $100 billion, with Q1 operating income of $9.4 billion on revenue of $25 billion, marking a 17% growth from a year ago. CEO Andy Jassy remains optimistic about AWS's future despite most global IT spend remaining on premises. The growth is attributed to strong demand in generative and non-generative AI workloads.
ICYMI: AWS Hits $100B Annual Run Rate As AI Push Accelerates: https://t.co/kf70REQO6f @awscloud’s milestone is being driven by a shift in how businesses use the cloud, and by a huge push to adopt Amazon’s AI and GenAI capabilities, Amazon CEO @ajassy said this week.
Amazon Web Services CEO: We're on track to hit $100 billion in sales in 2024 https://t.co/qvP15CNiYO by @BrianSozzi
Covered a lot of ground with @jonfortt today, from AWS’s multibillion-dollar AI business & rapid innovation for customers, to our $100B annualized revenue run rate milestone. As always, we’re taking a long-term view on creating the capabilities customers will need, and building… https://t.co/I1f8uiJXTl
Revenue from Amazon's cloud unit grew 17% year over year in the first quarter. AWS CEO Adam Selipsky joined @jonfortt to discuss. https://t.co/Dq727LPtCZ https://t.co/XAEbPUKT89
Andy Jassy CEO $AMZN "We remain very bullish on AWS. We're at a $100B+ annualized revenue run rate, yet 85% or more of the global IT spend remains on premises." https://t.co/OYB1v3mSdu
Key Quotes from the Amazon [@Amazon] Q1 2024 Earnings Call: 1. AWS is now a $100B Run Rate business: "we're seeing strong AWS demand in both generative AI and our non-generative AI workloads, with customers signing up for longer deals, making bigger commitments" - $AMZN CFO https://t.co/ONyCABv0ex
Amazon announced their earnings yesterday. Like Microsoft & Google, Amazon’s Web Service business is seeing a surge of growth, up from 13% annual to 17% annual growth (16% when excluding the leap year). Aside from the overall growth of these clouds increasing, the massive… https://t.co/pYTu0tmqCk
.@AWScloud annual revenue run rate hits $100 billion as growth accelerates https://t.co/TcgBi2CQmu AWS delivered Q1 operating income of $9.4 billion on revenue of $25 billion, up 17% from a year ago. @ldignan https://t.co/cbVguvZTG3