![]() His comments followed a financial report by Microsoft Corp this week that exceeded analysts' expectations as the Amazon rival drew business through AI. Still, Olsavsky told reporters, Amazon had seen no shift in the competitive balance among cloud providers. That is poised to fall further, the company said. The growth of AWS slowed to 15.8% in the first quarter, while recession-wary businesses scrutinized their spending. Ultimately, the online retailer reported better-than-expected sales of $127.36 billion in the first three months of the year, and it forecast revenue between $127 billion and $133 billion in the second quarter.Īmazon's outlook has long been intertwined with the fortunes of AWS. In North America, he said, demand had held up, even though "you see signs that customers are looking for value" and "probably putting off some discretionary purchases." It's good to see consumer confidence increasing." Regarding international sales, he said: "It's good to see inflation going down there. ![]()
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