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Right there at the top > Amazon said Thursday that revenue growth in its cloud-computing unit slowed in the third quarter to 27.5%, missing analysts’ estimates
by brian-bk 4y ago
Right there at the top
> Amazon said Thursday that revenue growth in its cloud-computing unit slowed in the third quarter to 27.5%, missing analysts’ estimates. It’s the slowest expansion since at least 2014, the year Amazon started reporting on the group’s finances.
Really these kind of 'weak revenue based on _predictions_' articles are getting ing ridiculous. That's still a crazy high growth. AWS has better cloud competition than ever before, cloud computing is nearing fuller market penetration, and 27.5% growth is "weak". It's only framed as "weak growth" if you compare it to unsustainably crazy fantastic growth the last decade. At a certain point everyone that's likely to move to the cloud will be in the cloud.
- toss1 4y agoYup, at biggest, this slowing of the rate of growth could be some kind of market saturation being approached, but it will take many quarters to establish such a trend. More likely just a completely ordinary variation, with some headline writer desperately trying to hit his click numbers...
- Moissanite 4y agoMy take-away from "missed analysts predictions at 27.5%" is that analysts need to make predictions more firmly based in reality, rather than AWS needing to grow more.