As a seasoned gamer who’s been around since the dawn of cloud gaming, I can confidently say that AWS has leveled up like no other! Just like how my character in World of Warcraft evolved from a humble noob to an unstoppable force, AWS has grown its revenue by 19% year-over-year – talk about a power-up!
After Amazon released its financial results for the third quarter of 2024, we now have a better understanding of how Amazon Web Services is performing. In simpler terms, things are going well. The segment saw an approximately 19% increase in revenue compared to the same quarter last year, significantly boosting the company’s overall profitability on both revenue and earnings per share (EPS).
This week, I was thrilled to see the earnings report from Amazon on their investor relations site. They revealed that Amazon Web Services (AWS) brought in an impressive $27.5 billion during Q3 of 2024, marking a significant 19% growth compared to its revenue from Q3 2023. Interestingly, this increase was even greater than the 12% expansion AWS experienced between 2022 and 2023.
Amazon Web Services (AWS) have received significant financial backing as Amazon continues to grow by investing in new energy initiatives. These projects aim to incorporate additional nuclear power plants into the energy grid, providing a vast amount of energy for both local consumers and for powering AWS’s own facilities. Given its profitability, this investment played a crucial role in boosting Amazon’s revenue and Earnings Per Share (EPS) during the recent quarter.
Keep an eye on future developments with our focus on Amazon, as their ongoing investments in AWS generate profits. Stay updated!
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2024-11-01 00:57