Nov, 2024 : AWS Projects an Annual Revenue Run Rate of $110B for 2024

📅 November 1, 2024 - Amazon Web Services (AWS) continues to stand as a central pillar of Amazon's growth, driving a substantial portion of the companys financial success in Q3 2024. With cloud computing demand surging across industries, AWS has maintained its momentum, achieving an impressive annualized run rate of $110 billion, as highlighted by Amazon CEO Andy Jassy in their latest earnings call.

AWS posted $27.4 billion in revenue, up 19% from the same period last year, and brought in $10.4 billion in operating income, making up nearly 60% of Amazon's total quarterly operating income.

This $110 billion run rate would underscore AWSs dominant role in Amazons portfolio and reflect the rapid expansion of [...][... Check source for end of article ...]

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Company: Amazon Web Services (AWS)

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