Cloud News
AWS Earnings Takeaways: Slow 2023 Ahead, Amazon Layoffs
Mark Haranas
Here are the five biggest AWS highlights from the company’s $21 billion fourth quarter 2022 results, which saw Amazon CEO Andy Jassy speaking heavily about AWS’ future.
Andy Jassy Attends Earnings And Is Bullish About AWS’ Future
Prior to yesterday, Amazon CEO Andy Jassy had yet to participate in any of his company’s quarterly earnings report. “I might jump on the calls from time to time moving forward,” Jassy said.
One thing Jassy wanted to make clear, is that he is fully confident in AWS’ future from what he’s seeing in the market.
“[AWS] has a very robust, healthy customer pipeline, new customers, migrations that are set to happen,” said Jassy, who joined Amazon at AWS in 1997. “A lot of companies during times of discontinuity like this will step back and think about what they want to change strategically to be in a position to reinvent their businesses and change their customer experiences more quickly as uncertain economies emerge—and that often means moving to the cloud.”
Jassy touted that Amazon reports its cloud numbers in a more realistic way compared to its cloud competitors.
“We’re the only ones that really break out our cloud numbers in a more specific way. When we look at the absolute dollar growth year over year, we still have significantly more absolute dollar growth than anybody else we see in this space,” Jassy touted.
AWS’ largest cloud competitors are Microsoft and Google Cloud.
