Amazon and AWS cloud growth

This should bode well for AWS partners like Crowdstrike and MongoDB. Amazon as a whole beat earnings estimates by 25%.

  • AWS revenues grew 13% YoY to $24.2B, accelerating from 12% YoY growth last Q. This is now almost a $100 billion annual run rate revenue business. Incredible.

  • AWS operating income grew to $7.2B, a 38% increase compared to the prior year quarter. That means the business became much more efficient, because revenues only grew 13%.

  • “AWS’s continued long-term focus on customers and feature delivery, coupled with new genAI capabilities like Bedrock, Q, and Trainium have resonated with customers.”

  • Amgen expanded its work with AWS to create generative artificial intelligence (generative AI)–based solutions, using Amazon SageMaker to help discover, develop, and accelerate the manufacturing of medicines for patients suffering from serious illnesses. Amgen will also use AWS’s global infrastructure and advanced services to power a new digital data and analytics platform.

  • Salesforce, which runs the vast majority of its cloud computing workloads on AWS, significantly expanded its global partnership with AWS. For the first time, Salesforce products are now available in the AWS Marketplace, giving customers streamlined purchasing options. This expansive partnership makes it easier for customers to bring AWS data into Salesforce products and deepens data and AI integrations between AWS’s and Salesforce’s products. Salesforce will support Amazon Bedrock as part of Salesforce’s open model ecosystem strategy and will expand its use of AWS, including compute, storage, data, and AI technologies.

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