Parent Company Results; Growth Comparison

Amazon: $134.4 billion

Amazon increased revenue by 11 percent in second-quarter 2023 by generating total revenue of $134.4 billion compared with $121.2 billion in second-quarter 2022. AWS’ 12 percent sales growth year over year was on par with parent company Amazon’s growth rate.

Amazon generated operating income of $7.7 billion in second-quarter 2023, compared with $3.3 billion year over year. It’s key to note that Amazon’s North American market segment’s operating income increased the most, with operating income of $3.2 billion in the region compared with an operating loss of $600 million in second-quarter 2022.

Google/Alphabet: $74.6 billion

Google Cloud’s parent company, Alphabet, generated total revenue of $74.6 billion during the second quarter, representing a 7 percent increase year over year. Google Cloud increased revenue by 28 percent during the quarter, about four times faster than its parent company.

Alphabet reported operating income of $21.8 billion during the quarter, up from $19.4 billion year over year.

Microsoft: $56.2 billion

Microsoft reported total revenue of $56.2 billion for its fourth-quarter 2023, representing an increase of 8 percent year over year. Microsoft’s Intelligent Cloud group saw revenue growth of 15 percent year over year, nearly doubling Microsoft’s growth.

Microsoft reported total operating income of $24.3 billion, up 18 percent year over year.