Amazon reports strongest cloud growth since 2022 after major outage

Amazon Web Services (AWS) sees 20% increase in revenue year over year, topping Wall Street estimates

Amazon has made its first financial disclosures since the disastrous outage suffered by its cloud computing division that brought everything from smart beds to banks offline.

In spite of the global outage, Amazon Web Services has continued to grow, and this quarter reported a 20% increase in revenue year over year. Wall Street estimated that AWS would bring in $32.42bn in net sales in the third quarter, with the company reporting actual revenue of $33bn.