Once a reliable cash cow, Amazon's cloud business slows as companies pull back on service

Once a reliable cash cow, Amazon's cloud business slows as companies pull back on service

a year ago
Anonymous $KxGqLmj_R3

https://apnews.com/article/amazon-aws-slowdown-cloud-services-813a9cd0af33ccee6cfcd748180274b7

NEW YORK (AP) — When the pandemic hit three years ago, Amazon was one of the few businesses that thrived.

Customers flocked to the online commerce site amid global lockdowns. But even when those lockdowns eventually lifted and Amazon's sales slowed as people returned to stores, the company could still count on its massive cash cow: Amazon Web Services.

Once a reliable cash cow, Amazon's cloud business slows as companies pull back on service

Jun 13, 2023, 10:29am UTC
https://apnews.com/article/amazon-aws-slowdown-cloud-services-813a9cd0af33ccee6cfcd748180274b7 > NEW YORK (AP) — When the pandemic hit three years ago, Amazon was one of the few businesses that thrived. > Customers flocked to the online commerce site amid global lockdowns. But even when those lockdowns eventually lifted and Amazon's sales slowed as people returned to stores, the company could still count on its massive cash cow: Amazon Web Services.