Amazon Says AWS Growth Rate Now At A $100B Annual Revenue Run Rate
Portfolio Pulse from Benzinga Newsdesk
Amazon announced that its AWS segment has reached a $100 billion annual revenue run rate, highlighting the segment's significant growth and its importance to Amazon's overall business.

April 30, 2024 | 8:05 pm
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Amazon's announcement of AWS reaching a $100 billion annual revenue run rate demonstrates the segment's robust growth and its pivotal contribution to Amazon's revenue.
The announcement of AWS achieving a $100 billion annual revenue run rate is a clear indicator of the segment's strong performance and its critical role in Amazon's financial health. This milestone is likely to be viewed positively by investors, as it reflects not only the success of AWS but also its potential to drive future revenue growth for Amazon. Given AWS's position as a leader in the cloud computing market, this achievement could further solidify investor confidence in Amazon's stock in the short term.
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IMPORTANCE 95
RELEVANCE 100