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In today’s Cloud Wars Minute, I discuss AWS’s upcoming financial results.
Highlights
00:17 — AWS Q2 financial results will probably come out in the last week of July or the first couple days of August. Based on what we saw last quarter, Q1 ending March 31, I’m expecting AWS is going to come in at about the same number: 17%-17.5% growth for Q2.
01:14 — In a longer article that I’ll be posting later, I offer in-depth analysis from Amazon CEO Andy Jassy about why this is taking place. He talks pretty compellingly about the fusion of what AWS is doing in cloud and AI. This movement to AI on that cloud foundation is one of the reasons why Jassy is so bullish.
02:10 —The second point, Jassy said, is that this “optimization” phase is over and customer wallets are opening up again. Three products contributing rapidly to this growth are its Bedrock managed service, the SageMaker service, and, Amazon Q, an assistant for software developers.
Ask Cloud Wars AI Agent about this analysis
03:24 — In a different vein, Workday, which until recently primarily ran on its own data centers, is now moving into the public cloud with both AWS and Google Cloud. This is potentially a big new market for AWS because Workday is growing very nicely.
04:24 — We’ve seen AWS be a powerhouse for the last 18 or so years. It has hit some rocky times over the last couple of years, whether it’s the optimization thing or that Google Cloud and Oracle came on very strong, offering new types of services.
05:07 — Now, can AWS try to dig in and maybe regain some of that innovation momentum? We will see.
