: Amazon’s AWS business facing short-term headwinds as companies are cautious on spending

by | Apr 13, 2023 | Stock Market

Amazon.com Inc. said Thursday its AWS cloud business with an $85 billion annualized revenue run rate is facing short-term headwinds as companies are more cautious about spending. Chief Executive Andy Jassy said given the challenging macro backdrop, the AWS support team is spending more time helping customers optimize their cloud spend. “Many…

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Amazon.com Inc. said Thursday its AWS cloud business with an $85 billion annualized revenue run rate is facing short-term headwinds as companies are more cautious about spending. Chief Executive Andy Jassy said given the challenging macro backdrop, the AWS support team is spending more time helping customers optimize their cloud spend. “Many…

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