Amazon AWS Beats Estimates as AI Spending Drives Growth
Amazon reported a 28 percent jump in AWS revenue to 37.6 billion dollars. The results beat analyst estimates as enterprise AI adoption continues to rise.
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AMAZON.COM INC reported Amazon Web Services (AWS) revenue rose 28% to $37.6 billion in the first quarter ended March. The result beat LSEG estimates of a 25.08% increase to $36.61 billion as enterprise spending on artificial intelligence accelerated. Strong cloud margins provide the cash flow needed to fund the around $200 billion capital expenditure plan set for this year.
