AWS can’t help Amazon avoid first loss since 2015
pubsub.slavino.sk / infoworldcom · Friday, 29 April, 2022 - 12:17 edit
Amazon’s fast-growing cloud division couldn’t help its parent company avoid posting its first quarterly loss since 2015.
Amazon Web Services saw revenue grow by 37% to $18.4 billion for the first quarter of 2022. That amounted to an operating profit of $6.5 billion, which was up 57% year-on-year and outpaced analyst expectations by almost $1 billion.
Both of its main cloud rivals, Microsoft Azure and Google Cloud , posted strong growth to start the year, as the market for cloud computing shows no signs of slowing down , despite the sort of difficult macroeconomic conditions which are impacting their parent companies.
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