Amazon’s $33bn Cloud Quarter Proves Resilience After Major Outage

Amazon Web Services (AWS) has demonstrated its profound market resilience, posting $33bn in quarterly revenue. This 20% year-over-year growth, the fastest since 2022, comes on the heels of a major global outage that took critical infrastructure offline.
The outage, which affected millions, inadvertently highlighted the world’s dependence on AWS. The financial report confirms that this dependence translates to consistent revenue, as the $33bn figure beat Wall Street’s $32.42bn estimate.
This cloud strength powered Amazon’s overall quarter, helping the company beat revenue and profit expectations. Total sales reached $180.17bn, and the positive report sent Amazon stock up 9%.
The company is also focused on the AI race, where it is playing catch-up to rivals. The earnings call included promotions for its Rufus shopping assistant and its Zoox robotaxi business.
Despite the record growth, Amazon is shedding 14,000 corporate jobs. CEO Andy Jassy told investors this was a “culture” decision to foster “startup-style” agility, denying it was driven by AI or financial necessity.