BNN Bloomberg
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Jul 30, 2026
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Amazon beats estimates for quarterly cloud revenue growth - bnnbloomberg.ca
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Article Excerpt
Amazon.com topped market expectations for quarterly cloud revenue growth on Thursday on the back of surging enterprise AI spending, signaling the company’s hefty investments were bearing fruit.
Revenue at its cloud computing unit, Amazon Web Services, jumped 37 per cent to $42.2 billion in the second quarter ended June 30, compared with analysts’ consensus estimate of a 31.21 per cent increase, according to data compiled by LSEG.
Shares of the Seattle, Washington-based company were up about 6 per cent in extended trading, having risen about 4 per cent during the session.
Amazon said it burn…
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