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AWS’s Q4 revenue up 18.9% amid AI focus
Amazon announced that its cloud-computing division, Amazon Web Services (AWS), grew 18.9% year-over-year to US$28.79 billion in the fourth quarter of 2024.
AWS contributed 15% to Amazon’s total revenue and represented more than half of the company’s operating profit.
The unit’s operating income increased by 48% to US$10.63 billion, surpassing analysts’ forecasts of US$10.45 billion.
During the quarter, AWS continued its work on AI, notably with custom chips used for AI models employed by Apple.
Recent Amazon developments
| Timeline |
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06-Feb-2025 🗣️ Amazon to unveil AI-enhanced Alexa with new features
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06-Feb-2025 📉 Amazon plans to cut 15% of middle management by Q1 2025
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05-Feb-2025 🔋 Amazon expands renewable energy with 476 MW purchase
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31-Jan-2025 📉 Amazon cuts jobs in sustainability, communications units
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28-Jan-2025 🛒 Amazon appoints Whole Foods CEO to lead grocery business
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