Friday, 24 March, 2023

With companies moving to cloud, AWS sees 39% increase in sales

<p>Cloud services provider Amazon Web Services has seen its revenue increase by over 39% to $16.11B in the last quarter, with many companies preferring AWS as the cloud services for their machine learning services. Parent company Amazon posted Q3 revenue of $110.8B, primarily contributed to by AWS&#39;s growth, representing a two-year CAGR of 25%. For the first time, Amazon&#39;s services revenue topped the revenue from its retail sales.<br /> &nbsp;</p>