Amazon Web Services (AWS) achieved over $10 billion in operating income in the third quarter, accounting for more than 60% of Amazon's overall operating profits.
AWS revenue rose by 19% to $27.4 billion in the quarter, indicating significant growth.
AWS CEO Andy Jassy attributed the reacceleration of AWS growth to customers focusing on modernizing their infrastructure, saving costs, and enabling generative AI at scale.
AWS operating margin reached a new high of 38.1% in the quarter, surpassing competitors such as Google Cloud and Microsoft Azure.