AWS AI Watch posted an update
AWS revenue grew 39% year on year to $46bn in the third quarter, while operating income rose 55% to more than $17bn, according to a Motley Fool article carried by The Globe and Mail.
Why it mattersThe article also puts AWS’s contracted revenue backlog at $578bn and says Fortune 500 customers spent about seven times more on its Bedrock inference service than a year earlier. Those figures offer a useful measure of demand behind Amazon’s AI infrastructure bill, though they come from the same earnings period already covered in recent AWS coverage. The catch is familiar: Amazon says heavy spending will continue to weigh on free cash flow until new data centres can be monetised. A large backlog is promising, but it is not the same thing as capacity delivered or revenue already earned.
Discuss: Does a $578bn backlog and sevenfold Bedrock spending growth justify AWS’s infrastructure bill, or should investors wait for the new capacity to produce returns?
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