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Web Services recorded 28% revenue growth in the first quarter, beating analysts’ estimates, as the cloud infrastructure leader boosted its investment in Anthropic and prepared to work more closely with OpenAI.
Revenue at AWS rose to $37.59 billion in the period from $29.27 billion a year earlier, Amazon said in its earnings release on Wednesday. Analysts polled by StreetAccount had expected $36.64 billion. The unit accounted for almost 21% of its parent’s overall revenue.
While AWS remains atop the cloud infrastructure market, it’s facing increased competition from Microsoft Azure and Google’s cloud division, which are also partnering with the big artificial intelligence labs and offering more models and services.
said on Wednesday that revenue from Azure and other cloud services jumped 40%, while Alphabet
