The growth of US cloud champions slowed

Written November 2, 2022, 6:18 p.mUpdated November 2, 2022, 7:02 p.m

It’s not the storm yet, but the weather is changing in the cloud computing market. “Winter is here, it’s coming for everyone, and no software publisher will be spared,” sums up Alex Zukin, analyst at Wolfe Research. Reading the latest quarterly results from the American masters of online computing shows that he is right.

A pioneer in a market it has largely dominated for sixteen years, Amazon’s IT subsidiary has just announced its weakest quarterly growth since the group began detailing its results in 2014. With revenue of more than $20 billion between July and September and up 27.5%, Amazon Web Services (AWS) is certainly still in good shape. But the world leader in server distribution has seriously slowed down from the 38% growth recorded a year earlier. And even comparing to the 33% increase observed last spring…

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