Amazon’s Quarterly Report: AWS Shines with $23.1 Billion, but Faces Tough Cloud Competition

Q3 2023 Sees Amazon's Total Net Sales Rise to $143.1 Billion, with AWS Reporting 12% YoY Growth

 

Commenting on the company’s positive growth, Amazon CEO Andy Jassy emphasized that “our AWS growth continued to stabilize.” Notably, the operating income for AWS saw a substantial uptick, reaching $7.0 billion, a notable increase from the $5.4 billion reported during the same period the previous year.

AWS attributed much of its success to a new strategic partnership with Anthropic, aimed at advancing generative AI. Additionally, AWS gained a handful of new and renewed high-profile customers, including BMW Group, UK bank NatWest, and international energy company Occidental.