The past 12 months have proven to be a testing time for the hyperscale cloud giants, with many of them reporting uncharacteristically downbeat financial results, bucking the trend of year-on-year double-digit growth rates.
Amazon Web Services (AWS) and Microsoft are among those affected by this trend over the course of 2023, which has been attributed to their enterprise customers seeking to reign in their outgoings and focus on optimising the cloud resources they do have rather than shell out for more.
