Today Amazon released Q3 2024 results, and it was another strong quarter for Amazon Web Services (AWS). Our cloud and AI services continued to drive innovation across industries, and it's inspiring to see how companies worldwide are using AWS to innovate faster. With Amazon Bedrock, Amazon Q, and our growing suite of generative AI technologies, we're helping organizations of all sizes to push the boundaries of what's possible, transform virtually every customer experience, (and invent new ones as well). Some recent highlights include: -Expanding our AI capabilities with new foundation models in Amazon Bedrock and Amazon SageMaker -Introducing Graviton4-based EC2 instances with significant performance improvements (75% more memory bandwidth and 30% better compute performance than previous Graviton chips) -Expanding partnerships with Oracle, Databricks, Intel Corporation, and many others A huge thank you to our employees, customers, and partners worldwide who make this possible.
In the third quarter, we reported revenues of $158.9B, up 11% year over year, and delivered great value to our customers. We helped Prime members save billions through Prime Day in July alone, launched a host of generative AI tools, further expanded our entertainment, live sports, and advertising offerings, mobilized Disaster Relief by Amazon to support communities impacted by natural disasters, and more. Thanks to our employees, sellers, and customers around the world who make it possible. https://lnkd.in/ghjSSB3Z
Philip Hinkle
4mo
Funny how they did this well before the RTO mandates kicked in. All these people working remote or hybrid and they still turned a huge profit. How could that be when management feels RTO is mandatory. Seems like they were getting their work done even though they were not on a cubicle farm in a building somewhere.
I have worked in the business since I was 16 and all the major players. E.g. I brought in nearly 2 Bn by myself - no teams - no support but purely through industry knowledge and establishing commitment to client growth. When I was in discussions with AWS, they treated me horribly unprofessionally, FYI I taught at the Graduate School of Banking) and they were dismissive. Very little knowledge of the industry - in fact - one person actually asked me what a "conversion" was . I had managed the largest conversion in banking history. He worked for 15 years in "electronic trading". How could you not know what a conversion is? I am sure they will do well and steam roll over everyone in their path. So good luck to them. FYI I have worked in AI, (not machine language for nearly 20 years and evangelised this technology - which is why I sold so much). It is a major shift but they were not the first to come with it, however I think they did a great job in the application of it from a technology perspective, not necessarily an specific industry leading light. So go forth and prosper.
Sarbjeet Johal
4mo
Huge congratulations to the Amazon Web Services (AWS) team on a great quarter. I see this quarter for AWS as “gaining AI relevance” quarter. Of course we will learn a lot about future plans from AWS team during #reInvent in few weeks, but one thing for sure that AWS needs to push the education and training pedal to the floor in this phase of AI’s long cycle.
Latif Hamlani
4mo
As a shareholder I want to thank all my ex-colleagues and friends for the hard work and fantastic results
Shady Rabady
3mo
Impressive results and a testament to AWS’s relentless drive for innovation! It’s exciting to see how Amazon Bedrock, Graviton4, and the growing partnerships are empowering businesses to reach new heights and transform customer experiences. Kudos to the entire AWS team for pushing boundaries and setting new standards across industries.
"Wow, Amazon continues to push the envelope! 🚀 The innovation in cloud and AI services is truly inspiring. Amazon Bedrock and the Graviton4-based EC2 instances sound like game-changers, and it's great to see such robust partnerships and advancements. Kudos to the AWS team for driving industry transformation. Can't wait to see what groundbreaking developments come next! 🌟💡". The future is about to get even more exciting .🌟🚀♻️.
Pasquale DeMaio
4mo
The long term outcomes of being customer obsessed are truly amazing.
Per page 5, Operating Income "Up 56% Y/Y;". https://s2.q4cdn.com/299287126/files/doc_financials/2024/q3/Webslides_Q324_Final.pdf
Jackie Barnhart
4mo
Impressive results and remarkable progress! AWS’s commitment to pushing the boundaries of cloud and AI technology is evident with these advancements. From new foundation models in Amazon Bedrock to the performance boost of Graviton4, it's clear that innovation is at the heart of your success. Kudos to the entire team for driving such impactful growth!
US Central Area Sales at Amazon Web Services (AWS)
4moAs someone who is honored to work at Amazon and lead our relationship with one of our largest customers, I can attest to the 'Day 1' mentality that permeates our culture. It's incredibly motivating to be part of a company that consistently pushes boundaries and puts customers first. Every day, I'm inspired by our commitment to innovation and excellence. By consistently prioritizing customer needs and innovating at scale, Amazon has not only maintained its market leadership but also found new avenues for growth. This quarter's performance reaffirms that staying true to core principles like customer obsession can lead to sustained success, even in challenging economic environments.