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AWS revenue growth stabilizes with a boost from generative AI-led services

CIO

AWS posted a stable 12% revenue growth in the third quarter of 2023 buoyed by demand for generative AI-led services, despite customers trying to optimize their cloud spending. For the last few sequential quarters, revenue growth for AWS has been on a constant decline. AWS posted revenue of $23.06

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AWS hopes for a savior in AI as revenue growth continues to slow

CIO

Revenue growth at Amazon’s cloud computing division, Amazon Web Services, continued to slow in the second quarter of fiscal year 2023 as enterprises pressed on with their cost-cutting measures. Revenue for AWS increased 12% year-on-year in the second quarter to $21.4 Amazon Web Services, Cloud Computing

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AWS growth slows further by persistent macroeconomic uncertainty

CIO

Enterprises’ cost optimization to persist for next two quarters AWS expects the slowdown in customer spending to persist for at least the first half of fiscal year 2023, spanning the next two quarters. “As Google’s cloud revenue growth also slowed to 32% for Q4, down from 38% in the previous sequential quarter.

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Google Cloud growth slows as Alphabet net income plunges

CIO

Even though Google Cloud revenue growth showed signs of slowing, it nevertheless provided something of a bright spot as parent company Alphabet — hit hard by the tightening of customer budgets — posted a year-over-year decline in net income for its 2022 fourth quarter. It wasn’t all good news for the cloud business, however.

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DuploCloud lands $32M infusion to make provisioning cloud apps easier

TechCrunch

It’s only appropriate that, during AWS’ biggest week of the year, a cloud-based software-as-a-service startup closed a sizeable funding round.

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Building Resilient Public Networking on AWS: Part 2

Xebia

Deploy Secure Public Web Endpoints Welcome to Building Resilient Public Networking on AWS—our comprehensive blog series on advanced networking strategies tailored for regional evacuation, failover, and robust disaster recovery. We laid the groundwork for understanding the essentials that underpin the forthcoming discussions.

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6 cloud market forces impacting IT strategies today

CIO

With the cloud being an inevitable part of enterprise digital transformation journeys, IT leaders must keep on top of the latest developments in the cloud market to better predict downstream impacts on their roadmaps. Here is a closer look at recent and forecasted developments in the cloud market that CIOs should be aware of.

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