AWS sales expanded 37% year over year, which trounced analysts' expectations for 31% growth.

Amazon reported $200.6 billion in second-quarter revenue, up 20%, with AWS growing 37%, its fastest pace since the end of 2021.

Amazon Web Services momentum is accelerating, with strong demand for artificial intelligence and backlog growth supporting expectations for growth above 40% next year, UBS said in a note Friday. The analysts said the company disclosed $25 billion in AI annual recurring revenue and $496 billion in backlog,

Amazon Web Services showed quarter-over-quarter growth that was 80% more than its prior largest increase, Amazon CEO Andy Jassy told investors on Thursday. The cloud business recorded $42.2 billion in revenue,

Amazon has reported the fastest growth for its cloud division since 2021. Amazon Web Services (AWS) reported $42.2 billion in revenue for the quarter, up on the $40.54bn expected by Wall Street, and a 36.

CEO Andy Jassy hiked the company’s capex guidance about 10% to $220 billion, but investors loved a booming AWS business.

The e-commerce and cloud giant topped second quarter expectations as accelerating cloud growth at Amazon Web Services (AWS) helped drive strong results.

Shares of tech giant Amazon.com Inc. (NASDAQ: AMZN) have been trading a little softly this week, slipping about 2.5% from last Friday's high. However, what's important is that the stock remains more than 7% higher from the start of the month,