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Amazon CEO Andy Jassy speaks all over an unveiling match in New York on Feb. 26, 2025. Amazon introduced a rebuilt Alexa voice assistant referred to as Alexa+, which may have generative synthetic intelligence (AI) options.
Michael Nagle | Bloomberg | Getty Images
Amazon’s cloud industry grew at a slower tempo than anticipated within the first quarter, a 3rd instantly earnings leave out.
Revenue at Amazon Web Services higher 17% to $29.27 billion, whilst analysts polled by way of StreetAccount had anticipated $29.42 billion. The enlargement slowed from 18.9% in the fourth quarter.
AWS, which accounted for round 19% of its guardian corporate’s overall earnings, is the sector’s best supplier of cloud infrastructure. Microsoft, its best competitor, introduced first-quarter Azure cloud enlargement and steerage for the industry that exceeded consensus on Wednesday. Google, the No. 3 provider, got here in a contact beneath consensus on cloud earnings final week.
Cloud computing remains to be appearing wholesome enlargement in spite of alerts in other places of a more difficult financial system. Automakers and outlets have begun getting ready for upper prices or decrease call for on account of sweeping price lists on items imported to the U.S. that President Donald Trump introduced in early April.
Amazon stated first-quarter AWS working source of revenue totaled $11.55 billion, upper than the $10.52 billion StreetAccount consensus. The section’s working margin of 39.5% was once the widest it is been no less than since 2014.
During the quarter, AWS stated it was once launching a carrier for streaming video video games, and forming an agentic synthetic intelligence crew.
In February, control referred to as for kind of $105 billion in 2025 capital expenditures, a few of which can move towards information facilities containing chips that may teach and run synthetic intelligence fashions from Anthropic and different cloud purchasers. Amazon CEO and previous AWS leader Andy Jassy stated in an April letter to shareholders that the price of AI for purchasers will come down through the years, thank you partly to Amazon’s customized chips that constitute a substitute for Nvidia graphics processing gadgets.
WATCH: ‘Tremendous enlargement possible’ for cloud and AI in Southeast Asia: AWS
