And so if it’s good for our customers to find a way to be more cost-effective in an uncertain economy, our team’s going to spend a lot of cycles doing that.” ![]() “We’re trying to build a set of relationships and businesses that outlast all of us. “We are not focused on trying to optimize in any one quarter or any one year,” he said. The reality is that Amazon has built its business, AWS in particular, as a way to help customers find a way to spend less money, Jassy said. ![]() And when you are being cautious, you look for ways that you can spend less money.” “And we‘re being very thoughtful about streamlining our costs as well. “You see it with virtually every enterprise,” Jassy said. “There are many customers continuing to put plans in place to migrate to the cloud and commit to AWS over the long term,” he said.Īmazon CEO Andy Jassy, who just finished his first full fiscal year as the company’s top executive, was asked about how he sees the AWS business changing, and he responded by saying most enterprises are acting cautiously. That said, AWS’ new customer pipeline remains healthy and robust, Olsavsky said. AWS year-over-year revenue growth is in the midteens.” “As we look ahead, we expect these optimization efforts will continue to be a headwind to AWS growth in at least the next couple of quarters. “This customer focus is in our DNA and informs how we think about our customer relationships and how we will partner with them for the long term,” Olsavsky said. ![]() Olsavsky Thursday told analysts during Amazon’s fiscal year 2022 quarterly financial analyst conference call that customers are looking for ways to save money, and Amazon spends a lot of time trying to help them do so. Amazon Web Services, the smallest of the three business segments of Amazon, continues to be the primary growth driver for Amazon as a whole, although there are macroeconomic headwinds that could slow AWS growth going forward.Īmazon saw AWS revenue for its fourth fiscal quarter 2022 grow 20 percent compared with the fourth fiscal quarter of 2021, but that growth rate will slow, said Amazon Senior Vice President and CFO Brian Olsavsky.
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