AWS Shakes Off Outage, Posts 20% Growth in $33bn Quarter

A crippling global outage wasn’t enough to slow down Amazon’s cloud engine. Amazon Web Services (AWS) reported a 20% year-over-year revenue increase, its fastest pace since 2022, bringing in $33bn and beating analyst estimates.
The financial disclosure is the first since the outage took down critical services worldwide. The strong revenue suggests customers are undeterred, and it helped Amazon’s overall stock jump 9% in after-hours trading.
Amazon’s parent company also beat expectations, with $180.17bn in total revenue and $1.95 earnings per share. The company is now focusing on the AI race, where it has lagged behind rivals like Microsoft.
On the earnings call, executives promoted their AI efforts, including the Rufus shopping assistant and the Zoox autonomous driving service, which will begin testing in Washington D.C.
This success comes as Amazon cuts 14,000 corporate jobs. While a blog post cited AI, CEO Andy Jassy insisted the move was “culture-driven” to make the $2.4tn company “nimble” like a startup.