Amazon Web Services (AWS) has reported third-quarter revenue growth of 27.5%, its slowest year-on-year rise since the company began reporting its finances separately in 2014.
The cloud giant’s revenue for the quarter was $20.5 billion, while AWS’s operating income was $5.4 billion, a year-on-year rise from $4.9 billion in the third quarter 2021.
Despite cooling growth, AWS’s performance still outstripped the growth of the tech giant more broadly, which posted a Q3 2022 revenue of $127.1 billion, a 15% year-on-year increase.
