Instant Reaction: Amazon Reports Cloud Sales Growth for Fifth Straight Quarter | Bloomberg... [CQ5wKsmwJNw]
Amazon.com reported cloud-computing revenue that beat analyst estimates, with booming demand for artificial intelligence services accelerating sales for the fifth straight quarter. Revenue jumped 37% to $42.2 billion at Amazon Web Services, which generates about a fifth of the company’s revenue and most of its operating profit, the company said Thursday in a statement. It was the fastest pace of growth since the fourth quarter of 2021. Analysts, on average, forecast sales of $40.6 billion, according to data compiled by Bloomberg. For instant reaction and analysis, Bloomberg Businessweek Daily hosts Carol Massar and Tim Stenovec speak with: Ed Ludlow, Bloomberg Tech co-host Poonam Goyal, Bloomberg Intelligence Senior Analyst for E-Commerce and Athleisure Anurag Rana, Bloomberg Intelligence Senior Technology Analyst See omnystudio.com/listener (for privacy information. Paul Sweeney and the Bloomberg News team cover the day's market action, with analysis from Bloomberg Intelligence analysts, Bloomberg Opinion writers and influential newsmakers. Watch us LIVE on YouTube: Subscribe to Bloomberg Podcasts: Listen to more Bloomberg Intelligence: #News #Markets #Bloomberg #Podcast #Business #Finance Visit us: Follow Bloomberg Podcasts on Twitter: Visit our other YouTube channels: Bloomberg Television: Bloomberg Originals: Quicktake: For coverage on news, markets and more: