AWS Cloud business revneue grows 16% to $21.4 bn

Amazon Web Services (AWS), the Cloud business of Amazon.com, said its sales increased 16 percent to $21.4 billion in Q1 2023.
Q1 2023 AWS Cloud business revenueAWS segment operating income was $5.1 billion, compared with operating income of $6.5 billion in first quarter 2022.

Amazon.com signaled its cloud growth would slow as its business customers braced for turbulence and clamped down on spending.

Amazon.com Chief Financial Officer Brian Olsavsky told analysts that cloud customers kept trying to slim down their bills as of the second quarter and that Amazon was helping them do so to build long-term relationships.

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Southwest Airlines selected AWS as its preferred cloud provider for modernization as part of the airline’s plan to optimize airline operations, streamline infrastructure costs, and provide seamless travel experience to customers.

Zurich Insurance Group is moving its enterprise information technology infrastructure, including 1,000 applications over the next three years, to AWS to deliver new digital customer experiences and drive automation at scale.

BBVA is employing AWS’s cloud services to launch new financial solutions that will help BBVA Corporate and Investment Banking expand its business to accelerate innovation, reduce costs, and increase flexibility.

Broadridge’s LTX electronic trading platform completed a successful migration of its corporate bond etrading platform to AWS.

S&P Global and AWS announced a multiyear strategic collaboration to extend the delivery of cloud-based services to more than 100,000 of S&P Global’s government and enterprise customers in 43 countries.

Stripe announced an agreement to run virtually all their infrastructure on AWS while reliably serving millions of internet companies.

Westpac, one of Australia’s leading banks, expanded its collaboration with AWS through a new five-year agreement that will tap into advanced AWS capabilities, like machine learning, compute, and data analytics, to accelerate the bank’s digital transformation, drive cost efficiencies, and personalize its banking applications.

T-Mobile is integrating its 5G Advanced Network Solutions portfolio with AWS to help customers more easily discover, customize, and deploy 5G edge computing.

Marvell selected AWS to rapidly scale its electronic design automation in the cloud to address increasingly complex chip design processes and deliver continuous innovation for expanding needs across the automotive, carrier, data center, and enterprise infrastructure markets.

TELUS, one of Canada’s leading telecommunications providers, is collaborating with AWS to develop a new smart-living solution that will reduce the need for multiple smart-home apps, simplify installation, and enable new multidevice automation.

Iberdrola, one of the world’s largest clean energy companies, selected AWS as its preferred cloud provider to support the energy company as it embarks on further digitalization to enable smarter grids, customer engagement, and connected clean power.

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