Jordan Novet / CNBC : Amazon reports Q3 AWS revenue up 39% YoY to $45.98B, above $45.29B est., and AWS operating income up 55% to $17.77B, above $16.97B est. — Amazon's cloud-computing unit reported more rapid third-quarter growth than analysts had projected. — Revenue came in at $45.98 billion …
Amazon reports Q3 AWS revenue up 39% YoY to $45.98B, above $45.29B est., and AWS operating income up 55% to $17.77B, above $16.97B est. (Jordan Novet/CNBC)
In short
Amazon's cloud-computing unit generated $45.98 billion in revenue during the third quarter, reflecting a 39% increase compared to the previous year. This performance cleared consensus estimates from Wall Street, which had anticipated $45.29 billion. In addition to top-line gains, the division demonstrated substantial profitability as operating income surged 55% to reach $17.77 billion.
Key points
- The cloud computing division exceeded analyst expectations on both top-line revenue and o…: The cloud computing division exceeded analyst expectations on both top-line revenue and operating income.
- Strong profitability was driven by a 55% year-over-year surge in the division's operating…: Strong profitability was driven by a 55% year-over-year surge in the division's operating income.
- Amazon Web Services delivered higher-than-projected growth during the third quarter perio…: Amazon Web Services delivered higher-than-projected growth during the third quarter period.