45k user reviews & 1 million votes, over 29k web hosting brands & 85k plans since 2004!
X
Menu
WHTop → 📋 News → AWS Q2: $26.3B Revenue, $9.3B Profit, Plans Major AI Investments
AWS Q2: $26.3B Revenue, $9.3B Profit, Plans Major AI Investments
📅 - Amazon Web Services (AWS)has played a pivotal role in Amazon's impressive financial performance in Q2 2024, driven by the growing demand for artificial intelligence (AI) and related technologies. AWS reported an operating profit of $9.3 billion and revenues of $26.28 billion, surpassing analyst expectations. This marks a significant 19% increase in sales from the previous year, with operating income rising sharply from $5.4 billion in Q2 2023.
The impact of AWS on Amazons overall financial health is substantial, contributing to 63% of the company's overall income and 18% of total revenues. This would underscore the critical role that AWS plays in Amazons broader business [...][... Check source for end of article ...]
Tags: AI
Reads: 203 | Category: General | Source: Hosting Jurnalist : Hosting Jurnalist | Author: URL source: https://hostingjournalist.com/news/aws-q2-26-3b-revenue-9-3b-profit-plans-major-ai-investments
Want to add a website news or press release ? Just do it, it's free! Use add web hosting news!
Related news
📅 - DXC Deploys Amazon Quick to 115,000 Employees Globally - DXC Technology has completed a global rollout of Amazon Quick, an agentic AI-powered digital workspace, across its workforce of 115,000 employees operating in 70 countries, while simultaneously launching a new business unit designed to help enterprise customers operationalize AI at scale.
The move represents one of the largest enterprise deployments of Amazon Quick to date and reflects a broader industry shift from experimental AI pilots toward production-grade, governed enterprise adoption.
The internal deployment forms the foundation of what DXC calls its "Customer Zero" strategy - testing emerging technologies inside its own complex, global operating environment before bringing them [...]
📅 - AWS Secures $581M U.S. Air Force Cloud Contract - Amazon Web Services has secured a major U.S. defense cloud contract, underscoring the continued acceleration of cloud adoption across military and government IT environments. The U.S. Air Force has awarded AWS a firm fixed-price contract valued at $581.3 million to deliver cloud services under the Department of Defense's Cloud One program.
The U.S. Airforce contract was announced this week and will run through December 7, 2028, with administration handled by the Air Force Life Cycle Management Center in Massachusetts.
The agreement covers AWS cloud support for the U.S. Air Force and affiliated defense customers operating within AWS regions located in the contiguous United States. At the [...]
📅 - AWS Launches European Sovereign Cloud Amid Data Control Push - As concerns continue to mount across Europe about the dominance of U.S.-based cloud providers and the potential exposure of European data to foreign legal jurisdictions, Amazon Web Services has formally launched what it describes as its most ambitious response yet to EU sovereignty demands.
The AWS European Sovereign Cloud, now generally available, represents a structurally separate cloud environment designed to operate entirely within the European Union, under European governance, and with technical and legal safeguards intended to satisfy some of the strictest regulatory requirements in the region.
First unveiled in 2023, the initiative has been closely watched by policymakers, [...]
📅 - Choosing the Right IaaS Provider for Long-Term Cloud Success - As enterprises accelerate digital transformation, Infrastructure-as-a-Service (IaaS) has become a foundational pillar of modern IT strategy. Once viewed primarily as a way to replace on-premises servers, IaaS is now a strategic platform that influences cost structures, security postures, scalability, and long-term competitiveness.
With cloud spending continuing to rise globally, the decision of which IaaS provider to partner with has shifted from a purely technical choice to a board-level concern.
The challenge is that the IaaS market has matured into a crowded and highly competitive landscape. Providers offer overlapping capabilities, complex pricing models, and varying levels of [...]
📅 - Zilliz Expands Global Vector Database Platform with AWS Partnership - Zilliz, the company behind the widely deployed open-source vector database Milvus, has named Amazon Web Services as its strategic cloud provider in a move that underscores how foundational vector databases have become in the generative AI ecosystem.
The partnership would reflect accelerating enterprise demand for platforms capable of processing massive volumes of unstructured data - text, images, audio, logs - and converting them into vector embeddings that modern AI systems can query and reason over at scale.
Founded in 2017, Zilliz has built its business around providing high-performance vector databases that can support real-time similarity search, retrieval-augmented generation, and [...]