Amazon Cloud revenue misses estimates again as rivals pull ahead

Amazon’s first-quarter results showed a slower pace of growth in its AWS cloud computing business, compared to expectations and to recent gains reported by competitors. CNBC reported that AWS’s revenue increased 16.9% year over year to $29.27 billion, just under forecasts that predicted 17.4% growth and $30.9 billion in sales. The shortfall marked the slowest […]

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