Amazon Web Services reported third-quarter revenue of $45.98 billion, up 39% from a year earlier and above analysts’ expectation of $45.29 billion. Operating income for the quarter reached $17.77 billion, marking a 55% year-over-year increase. AWS now accounts for nearly 23% of Amazon’s total revenue, a record share for the company’s cloud unit. During the quarter, AWS said it would expand its Nvidia GPU lineup for AI workloads, acquired data analytics startup DuckLabs, and signed partnership agreements with Meta and OpenAI. CNBC said major cloud providers are racing to build more data centers to meet strong AI demand.
Amazon Web Services, the cloud computing arm of Amazon, reported third-quarter revenue of $45.98 billion, up 39% year over year and above analysts’ expectation of $45.29 billion, according to Techub News, citing CNBC.
AWS posted operating income of $17.77 billion for the quarter, up 55% from a year earlier. The business now makes up nearly 23% of Amazon’s total revenue, setting a new record.
During the quarter, AWS said it plans to expand its Nvidia GPU offerings for AI workloads. It also acquired data analytics startup DuckLabs and signed partnership agreements with Meta and OpenAI.
CNBC added that major cloud service providers are racing to build data centers to meet strong demand tied to AI.
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