Amazon CEO Projects AWS Trillion Dollar Revenue Goal Amid Capex Ramp
Amazon Chief Executive Andy Jassy announced ambitions for AWS to reach one trillion dollars in annual revenue while continuing high capital expenditures to support cloud infrastructure.
FTMQ Creators, written by our newsroom0 views
Amazon Chief Executive Officer Andy Jassy stated during a quarterly earnings call that Amazon Web Services could become a trillion dollar annual revenue business. TechCrunch reported that Jassy reinforced this growth objective while acknowledging that achieving the goal requires a continued increase in capital expenditure to construct supporting infrastructure. [1]
TechCrunch reported Jassy as saying that Amazon is building something unlike anything seen before, noting there has never been a business with one trillion dollars in annual revenue. Meanwhile, FourWeekMBA reported Jassy projected more than 40 percent growth for AWS while keeping the capital expenditure guidance at 220 billion dollars. [1][2]
Jassy has served as the president and chief executive officer of Amazon since July 2021 when he succeeded founder Jeff Bezos. Before taking the top role at Amazon, Jassy founded AWS and led the unit as its chief executive officer from April 2016 until July 2021. [3]
Amazon plans to ramp up its capital expenditures continuously to build the necessary artificial intelligence and cloud computing infrastructure needed to expand its market position. [1]
In short
- Andy Jassy projected that AWS can become a one trillion dollar annual revenue business.
- FourWeekMBA reported that Jassy projected over 40 percent growth for AWS.
- Amazon is holding its capital expenditure guidance at 220 billion dollars according to FourWeekMBA.
- Andy Jassy has been the chief executive officer of Amazon since July 2021.
Sources
Every paragraph above points to the numbered items it rests on. Read the originals here.
- [1]AWS will be a $1T business, Jassy says. But first, it will spend big.TechCrunch, 1h ago (the report this story comes from)
- [2]Jassy Projects 40%+ AWS Growth as Capex Guide Holds at $220BFourWeekMBA, 5h ago
Background
- [3]Andy Jassy on Wikipedia
Our newsroom writes these reports with the help of software, from the 3 sources listed and nothing else, and checks them against those sources. Facts can still be wrong or move on; the originals are the record. Spotted a mistake? Write to daniel@monsterkong.com.
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