Amazon CEO Andy Jassy has credited a shift in its customers’ cloud-spending priorities as playing a pivotal role in helping the e-commerce giant post a better than expected set of second quarter results.
The results period, which covers the three months to 30 June 2023, saw Amazon report a revenue of $134.4bn for Q2, which constitutes a year-on-year (YoY) increase of 11%. The company also posted an operating profit of $7.7bn, compared to $3.3bn a year ago.
The results exceeded expectations, with Jassy confirming on a conference call to discuss the results with the analyst community that its Q2 performance had “exceeded the top end of our guidance ranges”.
