The 13 percent year over year increase comes as AWS sales shot to $25 billion in the first quarter of 2024. Amazon CEO Andy Jassy says the company’s cloud division is now at a $100 billion annual revenue run rate — a sign companies are spending more on AI.
Amazon reported its highest first-quarter profit on Tuesday as it continued to wring efficiencies out of its retail business and recharge growth in its cloud computing operations.
The company was also for the first time on track to have $100 billion in annual cloud computing sales.
The company had $143.3 billion in revenue in the first three months of the year, up 13 percent from a year earlier. Profit more than tripled, to $10.4 billion. The results beat analysts’ expectations.
“It was a good start to the year across the business, and you can see that in both our customer experience improvements and financial results,” Andy Jassy, Amazon’s chief executive, said in a statement.
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