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DeepNewz, mobile.
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Amazon Web Services (AWS) has reached an annual revenue run rate of $100 billion, with Q1 operating income of $9.4 billion on revenue of $25 billion, marking a 17% growth from a year ago. CEO Andy Jassy remains optimistic about AWS's future despite most global IT spend remaining on premises. The growth is attributed to strong demand in generative and non-generative AI workloads.
ICYMI: AWS Hits $100B Annual Run Rate As AI Push Accelerates: https://t.co/kf70REQO6f @awscloud’s milestone is being driven by a shift in how businesses use the cloud, and by a huge push to adopt Amazon’s AI and GenAI capabilities, Amazon CEO @ajassy said this week.
Amazon Web Services CEO: We're on track to hit $100 billion in sales in 2024 https://t.co/qvP15CNiYO by @BrianSozzi
Covered a lot of ground with @jonfortt today, from AWS’s multibillion-dollar AI business & rapid innovation for customers, to our $100B annualized revenue run rate milestone. As always, we’re taking a long-term view on creating the capabilities customers will need, and building… https://t.co/I1f8uiJXTl
