Amazon's AWS Cloud Revenue Surges 37%, Driving Strong Q2 Results
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Amazon reported a strong second quarter, with total revenue up 20% to $200.6 billion and net income of $62.6 billion. The company's cloud computing arm, Amazon Web Services (AWS), saw revenue growth of 37% year-over-year to $42.2 billion, marking its fastest growth in 18 quarters. AWS operating income grew 64% to $16.6 billion, with a margin of 39.4%. Amazon expects AWS revenue to grow between 9% and 12% in the third quarter, with operating income between $22.5 billion and $26.5 billion.
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