Shulou(Shulou.com)11/24 Report--

October 27, according to foreign media reports, according to previously announced news, Amazon will release its third-quarter results in the early hours of tomorrow morning, and a conference call for financial analysts will be held at 2:30 Pacific time on the 27th. That is, 5:30 Beijing time tomorrow morning.

As the world's top cloud computing service provider, the cloud computing business, which has been growing for many years, is an important source of profit for Amazon, and revenue in this quarter is expected to exceed $20 billion.

Amazon's cloud computing business had revenue of $19.739 billion in the second quarter of this year, up from $14.809 billion in the same period last year and $18.441 billion in the previous quarter.

In the second quarter, Amazon's cloud computing business made an operating profit of $5.715 billion, compared with an overall operating profit of $3.317 billion and a net loss of $2.028 billion.

Driven by the growing demand for cloud computing, the revenue of Amazon's cloud computing business has maintained growth for 32 consecutive quarters, from the third quarter of 2014 to the second quarter of this year.

Considering that Amazon's cloud computing revenue reached $19.739 billion in the last quarter, it has increased by more than $300m quarter-on-quarter since 2020, and if it continues to grow in the third quarter, it is expected to exceed $20 billion.

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