""It's worth remembering that year-over-year percentage growth is a relative term," he said. "It is very different having 20% year-over-year growth on a $132bn annualised run rate and to have a higher percentage growth rate on a meaningfully smaller annual revenue, which is the case with our competitors.""
""estimated severance costs primarily related to planned role eliminations""
""AWS is gaining momentum," said Jassy. "Customers want to be running their core and AI workloads in AWS, given its stronger functionality, securi""
AWS reported 20.2% annual revenue growth, the largest increase in 11 quarters. Q3 profit was $11.4bn, up from $10.4bn in Q3 2024. The profit figure reflects estimated severance costs primarily related to planned role eliminations and would have been higher without those charges. Amazon announced plans to lay off 14,000 employees as part of an AI-enabled cost-cutting drive and set aside $1.8bn in Q3 for estimated severance. AWS's backlog of business rose to $200bn by Q3 and excludes unannounced October deals claimed to exceed the entire Q3 deal volume. Customers are shifting core and AI workloads to AWS for stronger functionality and security.
Read at ComputerWeekly.com
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