AWS -Overding Q4 2024

Amazon Said on Thursday that revenue growth from its cloud-computing business slowed slightly to almost 19% years over years in the fourth quarter, hardly lacking the analysts’ discretion.

The company said in a statement that Amazon Web Services generated $ 28.79 billion in revenue. Analysts examined by Streetaccount had expected $ 28.84 billion. AWS growth in the third quarter was just over 19%.

AWS remains greater than any other provider of Sky Infrastructure, in front of Microsoft and Google. Its two closest comrades also missed the expectations of cloud revenue in the fourth quarter.

Amazon now gets 15% of total revenue from AWS. The department remains a key provider of cash for the company and delivers just over half of its profits. AWS operations revenue amounted to $ 10.63 billion, an increase of $ 48% and over StreetAccount’s consensus of $ 10.45 billion.

During the quarter, AWS leader Matt Garman told CNBC that Apple has used Amazon’s custom chips to run artificial intelligence models and experimented with the next generation Amazon AI training processors.

At its annual Reinvent conference in Las Vegas in December, AWS announced a “purchase with AWS” button that software companies can add to their sites for simpler purchases.

CLOCK: See CNBC’s full interview with AWS VP for infrastructure prasad kalyanaraman