Amazon Cloud Revenue Misses Estimates For Third Straight Quarter, Growth Slows As AWS Trails Microsoft Azure And Google Cloud
0:35
Microsoft NewsBenzinga
Amazon Cloud Revenue Misses Estimates For Third Straight Quarter, Growth Slows As AWS Trails Microsoft Azure And Google Cloud
Amazon Web Services reported $29.27 billion in first-quarter revenue, missing analyst estimates and marking its third consecutive revenue shortfall, according to CNBC. Growth slowed to 17% from 18.9% in the prior quarter, trailing Microsoft’s stronger Azure results and Google Cloud’s near-consensus performance. Amazon CEO Andy Jassy told ...
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