Amazon Web Services (AWS) has reported a remarkable 19% increase in revenues for the three months ending June 30, reaching $26.3 billion. This performance surpasses analysts’ expectations of $26.02 billion, marking a significant milestone for AWS.
The cloud division’s operating income also saw a substantial rise, reaching $9.3 billion compared to $5.4 billion in the same quarter last year. These results underscore AWS’s growing dominance, now accounting for 18% of Amazon’s total revenues and a substantial 63% of its total income.
Amazon CEO and President Andy Jassy highlighted the impressive reacceleration of AWS’s growth. The company continues to innovate and attract customers with new tools such as Amazon Bedrock, which offers a fully managed service for accessing foundation models (FMs) through a single API.
Amazon Bedrock enables customers to build applications on top of generative AI models, customize them with proprietary data, and create AI agents for tasks like booking travel and managing inventory, all without needing to write code. This advancement positions AWS as a leader in leveraging generative AI technologies.
Jassy also emphasized AWS’s broad functionality, superior security, and extensive partner ecosystem. With tools like SageMaker, Bedrock, Trainium, and Q, AWS is poised to meet diverse customer needs from model building to AI integration, maintaining its leadership in the global cloud market.
Looking ahead, AWS is on track to achieve $105 billion in annual revenue. As it continues to lead ahead of competitors like Microsoft Azure and Google Cloud, AWS remains the top choice for companies modernizing their infrastructure and exploring new AI opportunities.
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