Enterprise Weekly #411: Cloud Giants Slow, NYC Enterprise Startups Persist, and More
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Last week, we reported on Microsoft's lackluster earnings. This week, Amazon and Alphabet followed suit with slowed growth, re-affirming fears around global economic demand for technology products / services and higher interest rates. Amazon reported $149B in revenue with AWS reporting $21.4B in revenue (20% growth YoY). While AWS makes up 14% of Amazon’s total revenue, this is the lowest quarterly growth rate AWS has ever reported as AWS has generally been
Enterprise Weekly #411: Cloud Giants Slow, NYC Enterprise Startups Persist, and More
Enterprise Weekly #411: Cloud Giants Slow…
Enterprise Weekly #411: Cloud Giants Slow, NYC Enterprise Startups Persist, and More
Last week, we reported on Microsoft's lackluster earnings. This week, Amazon and Alphabet followed suit with slowed growth, re-affirming fears around global economic demand for technology products / services and higher interest rates. Amazon reported $149B in revenue with AWS reporting $21.4B in revenue (20% growth YoY). While AWS makes up 14% of Amazon’s total revenue, this is the lowest quarterly growth rate AWS has ever reported as AWS has generally been