- AWS revenue grew by 28%, which was down from a guidance of 31%. During the same period last year, revenue grew by 39%.
- Microsoft’s intelligent cloud division grew by 26%, down from 31% in the same period last year.
The slowdown in the revenue growth rate of hyperscalers Amazon AWS and Microsoft Azure is not too surprising because we have seen some slowdown in the quarter before this recent quarter.
Amazon and Microsoft indicated no signs that the trend will reverse soon.
Based on the most recent quarter’s results: