“Amazon’s cloud unit reports 28% sales growth, topping estimates”
June 24, 2026
“Amazon’s cloud unit reported 28% revenue growth in the first quarter, and now accounts for over one-fifth of its parent company’s total revenue.
The division, which leads the cloud infrastructure market, faces stiffening competition from Microsoft and Google as they’re all investing heavily for the AI era.
Amazon, Microsoft, Google and Meta all reported quarterly results on Wednesday…”