Amazon Web Services third quarter revneue was up 12% from a year ago to $23.1 billion with operating income of $7 billion. 

AWS was expected to report revenue of $23.2 billion.

For comparison, Microsoft Azure delivered revenue growth of 29% and Google Cloud's growth was 22%

Amazon reported third quarter net income of $9.9 billion, or 94 cents a share, on revenue of $143.1 billion, up 13% from a year ago. Amazon was expected to deliver to third quarter earnings of 58 cents a share on revenue of $141.4 billion.

The company said its North America commerce business delivered third quarter operating income of $4.3 billion on revenue of $87.9 billion, up 11%. International sales were $32.1 billion, up 16% from a year ago.

In a statement, Amazon CEO Andy Jassy said the commerce business delivered on cost savings and speed of delivery. He added that the AWS business "continued to stabilize." Jassy said:

"The AWS team continues to innovate and deliver at a rapid clip, particularly in generative AI, where the combination of our custom AI chips, Amazon Bedrock being the easiest and most flexible way to build and deploy generative AI applications, and our coding companion (CodeWhisperer) allowing enterprises to have the equivalent of an experienced engineer who understands all of their proprietary code is driving momentum with customers."

As for the outlook, Amazon projected fourth quarter revenue between $160 billion and $167 billion with operating income between $7 billion and $11 billion.


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