Amazon's cloud revenue has surged at the fastest rate in nearly three years, bolstering the company's quarterly sales forecast and boosting its shares by 14% in after-market trading. The growth in Amazon Web Services is alleviating pressures from slower e-commerce expansion.

AWS reported a 20% revenue rise in the third quarter, exceeding expectations and countering a difficult prior week marked by major service outages. CEO Andy Jassy emphasized the robust demand in AI and infrastructure, supported by a projected increase in capital expenditures to $125 billion next year.

The cloud business, a major profit center accounting for around 60% of Amazon's operating income, is driving the company's resilience against a backdrop of economic uncertainty. Despite a significant workforce reduction

See Full Page