Amazon fails to hit Q3 expectations and issues Q4 guidance warning despite double-digit AWS cloud gains

The hyperscaler’s parent company disappointed Wall Street but AWS logged 39 per cent revenue growth year on year

Nima Green
clock • 2 min read
Amazon fails to hit Q3 expectations and issues Q4 guidance warning despite double-digit AWS cloud gains

AWS shone a ray of light through parent company Amazon's disappointing financials in Q3. The tech giant's cloud unit had more operating income than the company as a whole. Revenues for AWS swelled 39 per cent year on year to $16.11bn. AWS' operating income was also up 38 per cent to $4.88bn for the quarter. Amazon CEO Andy Jassy said the vendor intends to strike while the iron is hot in its cloud business, including plans to open eight more infrastructure regions. They include a $5.3bn...

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