Amazon falls short on cloud revenue for third straight quarter

Amazon CEO Andy Jassy speaks during an unveiling event in New York on Feb. 26, 2025. Amazon's cloud business grew at a slower pace than expected in the first quarter, a third straight revenue miss. Revenue at Amazon Web Services increased 17% to $29.27 billion, while analysts polled by StreetAccount had expected $29.42 billion. The growth slowed from 18.9% in the fourth quarter. AWS, which accounted for about 19% of its parent company's total revenue, is the world's top provider of cloud infrastructure. Microsoft , its top competitor, announced first-quarter Azure cloud growth and guidance for the business that exceeded consensus on Wednesday. Google , the No. 3 supplier, came in a touch below consensus on cloud revenue last week. Cloud computing is still showing healthy growth despite signals elsewhere of a more challenging economy. Automakers and retailers have begun preparing for higher costs or lower demand because of sweeping tariffs on goods imported to the U.S. that Presiden ... Read full article.