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AWS pledges to help customers trim their cloud bills

October 28, 2022

Via: CIO Dive

Despite the click-click of belt tightening and the snip-snip of budget trimming, enterprise cloud spend continues to rise. It’s just not growing at the neck-breaking pace of recent years.

In part, that dynamic accounts for Amazon’s underperformance during the three-month period.

While the company saw year-over-year operating income cut nearly in half, to $2.5 billion in the third quarter, compared to $4.9 billion in Q3 2021, its cloud segment fared better — but not as well as anticipated.

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