Вештачка интелигенција

AWS Revenue Growth Shows Stability in Q3 2023 Despite Cost Optimization Efforts

Summary

Overview Amazon Web Services (AWS) reported a steady growth in revenue in the third quarter of 2023, signaling stability amidst customers’ attempts to optimize their cloud costs. Despite facing increased cost optimization efforts compared to the same period last year, […]

AWS Revenue Growth Shows Stability in Q3 2023 Despite Cost Optimization Efforts

Overview

Amazon Web Services (AWS) reported a steady growth in revenue in the third quarter of 2023, signaling stability amidst customers’ attempts to optimize their cloud costs. Despite facing increased cost optimization efforts compared to the same period last year, AWS managed to generate $23.06 billion in revenue.

New Opportunities in Cloud Adoption

Andy Jassy, CEO of Amazon, commented on the diminishing cost optimization efforts, stating that they are declining as more companies transition towards implementing entirely new workloads in the cloud. According to Jassy, these new workloads are largely driven by artificial intelligence (AI) and generative AI technology.

“Take a look at the very significant and tremendous new opportunity of generative AI, which I believe will bring in tens of billions of dollars in revenue for AWS in the next few years,” Jassy emphasized during an analyst teleconference.

Continuous Revenue Growth

Brian Olsavsky, the Chief Financial Officer of AWS, also highlighted the quarterly revenue growth, stating, “On a quarterly basis, we added over $900 million in revenue to AWS as customers continue to focus on driving innovation and bringing new workloads to the cloud.” This growth signifies the growing demand for AWS services and the willingness of customers to invest in cloud technology despite their efforts to optimize costs.

Frequently Asked Questions

1. What was the revenue growth for AWS in the third quarter of 2023?

The revenue growth for AWS in the third quarter of 2023 was 12%.

2. How much revenue did AWS generate in the September quarter?

AWS generated $23.06 billion in revenue in the September quarter.

3. Which new technologies influenced AWS revenue growth?

The significant drivers of AWS revenue growth were artificial intelligence (AI) and generative AI technologies.


Sources: