Amazon AWS posts 39% revenue growth as cloud rivals also accelerate

Amazon's cloud-computing unit reported more rapid third-quarter growth than analysts had projected. Revenue came in at $45.98 billion, up 39% year over year and above the $45.29 billion consensus among analysts polled by StreetAccount, according to a statement . Growth in the second quarter came in at about 37% . "Our core compute and storage revenue grew at their fastest rates in several years," Amazon CEO Andy Jassy said on a conference call with analysts. The AWS growth rate was the highest since the fourth quarter of 2021. Amazon remains the top cloud by revenue, but growth has also sped up at rivals Alphabet and Microsoft.