AWS Growth Hits Five-Year High

It's Benzinga, bringing Wall Street to Main Street. Amazon's cloud computing business reported faster than expected third quarter growth, according to CNBC. Third quarter revenue was $45.98 billion, up 39% year over year, and above analysts' expectations of $45.29 billion. Growth accelerated from 37% in the second quarter, reaching its fastest pace since 2021. Operating income rose 55% to $17.77 billion, exceeding estimates of $16.97 billion. AWS now accounts for a record of nearly 23% of Amazon's total revenue. CEO Andy Jassy projected AWS revenue growth above 40% in both 2027 and 2028, with the potential to become a $1 trillion revenue business within 5 to 10 years. Amazon also plans to make its Trainium AI chips available outside AWS starting in late 2027. For all things money, visit Benzinga.com.