{"id":604865,"date":"2023-02-05T07:49:12","date_gmt":"2023-02-05T13:49:12","guid":{"rendered":"https:\/\/news.sellorbuyhomefast.com\/index.php\/2023\/02\/05\/aws-talks-up-healthy-and-robust-customer-pipeline-as-revenue-growth-continues-to-slow\/"},"modified":"2023-02-05T07:49:12","modified_gmt":"2023-02-05T13:49:12","slug":"aws-talks-up-healthy-and-robust-customer-pipeline-as-revenue-growth-continues-to-slow","status":"publish","type":"post","link":"https:\/\/newsycanuse.com\/index.php\/2023\/02\/05\/aws-talks-up-healthy-and-robust-customer-pipeline-as-revenue-growth-continues-to-slow\/","title":{"rendered":"AWS talks up &#8216;healthy and robust&#8217; customer pipeline as revenue growth continues to slow"},"content":{"rendered":"<div>\n<p><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.computerweekly.com\/visuals\/ComputerWeekly\/Hero Images\/financial-results-chart-graph-3-adobe_searchsitetablet_520X173.jpg\" data-credit=\"Bits and Splits - stock.adobe.co\"  width=\"520\" height=\"173\" alt><\/p>\n<p>Bits and Splits &#8211; stock.adobe.co<\/p>\n<\/p><\/div>\n<div id=\"content-header\">\n<h2>Amazon is the latest tech giant to report a downbeat set of financial results, as enterprises continue to scale back their cloud spending<\/h2>\n<\/div>\n<div id=\"content-center\">\n<ul>\n<li><i data-icon=\"1\"><\/i><\/li>\n<li><i data-icon=\"2\"><\/i><\/li>\n<\/ul>\n<div id=\"contributors-block\">\n<p><img decoding=\"async\" src=\"https:\/\/cdn.ttgtmedia.com\/rms\/computerweekly\/Caroline-Donnelly-CW-contributor-2022-140x180px.JPG\" alt=\"Caroline Donnelly\">\n\t\t\t\t\t<\/p>\n<p><span>By<\/span><\/p>\n<ul>\n<li>\n\t\t\t\t\t<a href=\"https:\/\/www.techtarget.com\/contributor\/Caroline-Donnelly\">Caroline Donnelly,<\/a><br \/>\n\t\t\t\t\t\t<span>Senior Editor, UK<\/span>\n\t\t\t\t\t\t<\/li>\n<\/ul>\n<p>\n\tPublished: <span>03 Feb 2023 14:45<\/span>\n<\/p>\n<\/div>\n<section id=\"content-body\">\n<p>Amazon Web Services (AWS) has moved to assure the market that its new customer pipeline remains \u201chealthy and robust\u201d after its parent company reported <a href=\"https:\/\/www.computerweekly.com\/news\/365530122\/Record-fibre-growth-fails-to-halt-mixed-Q3-for-BT-revenues-fall\">another downbeat set of financial results<\/a>.<\/p>\n<p>Amazon.com reported a quarterly revenue of $149.2bn for the three months to 31 December 2022, which constitutes a year-on-year (YoY) rise of 12%, and a full-year loss of $2.7bn. By comparison, the previous financial year saw the firm make a $33.4bn profit.<\/p>\n<p>Revenue was up 20% YoY for its public cloud arm, AWS, which reported revenue of $21.4bn for the quarter.<\/p>\n<p>This <a href=\"https:\/\/www.computerweekly.com\/news\/252526636\/AWS-revenue-growth-rate-falls-as-enterprise-customers-seek-to-cut-costs\">marks another quarter of slowing growth for AWS<\/a>, as the company\u2019s performance continues to be dented by a slow-down in enterprise cloud spending.<\/p>\n<p>During a conference call with analysts, transcribed by <a href=\"https:\/\/seekingalpha.com\/article\/4574930-amazon-com-inc-amzn-q4-2022-earnings-call-transcript\"><em>Seeking Alpha<\/em><\/a>, Amazon chief financial officer Brian Olsavsky said the results reflect the fact that \u201centerprises of all sizes\u201d are cutting back on their cloud spend due to \u201ctough macroeconomic conditions\u201d.<\/p>\n<p>\u201cOur customers are looking for ways to save money, and we spend a lot of our time trying to help them do so. This customer focus is in our DNA and informs how we think about our customer relationships and how we will partner with them for the long term,\u201d he said.<\/p>\n<p>This downturn in demand for its services is a trend, he acknowledged, that started in the middle of the third quarter of 2022, and looks set to persist into the company\u2019s new financial year.<\/p>\n<p>\u201cSo far in the first month of the year, AWS\u2019s YoY revenue growth is in the mid-teens. That said, stepping back, our new customer pipeline remains healthy and robust, and there are many customers continuing to put plans in place to migrate to the cloud and commit to AWS over the long term,\u201d he said.<\/p>\n<p>During the call, Amazon.com CEO Andy Jassy also said the slowdown in AWS\u2019s revenue growth is also a sign that enterprises are using cloud in the way it was always intended to be used, in terms of being able to scale up or down according to demand.<\/p>\n<p>\u201cOne of the advantages\u2026of the cloud is that when it turns out you have a lot more demand than you anticipated, you can seamlessly scale up,\u201d he said.<\/p>\n<p>\u201cBut if it turns out that you need as much demand as you had, you can give it back and stop paying for it. And that elasticity is very unusual, it\u2019s something you can\u2019t do on-premises, which is one of the many reasons why the cloud is and AWS are very effective for customers.\u201d<\/p>\n<p>And the fact that the company is actively helping customers curtail their spending during these times of economic uncertainty is also a show of its commitment towards building a long-lasting relationship with them, he added.<\/p>\n<p>\u201cWe are not focused on trying to optimise in any one quarter or any one year \u2013 we\u2019re trying to build a set of relationships in business that outlast us all.\u201d<\/p>\n<\/section>\n<section id=\"DigDeeperSplash\">\n<h4>\n\t\t\t<i data-icon=\"m\"><\/i>Read more on Infrastructure-as-a-Service (IaaS)<\/h4>\n<ul>\n<li><a id=\"DigDeeperItem-1\" href=\"https:\/\/www.computerweekly.com\/news\/252528133\/Top-10-cloud-stories-of-2022\"><br \/>\n\t\t\t\t\t<img decoding=\"async\" src=\"https:\/\/cdn.ttgtmedia.com\/visuals\/German\/article\/cloud-computing-4-adobe_searchsitetablet_520X173.jpg\" srcset=\"https:\/\/cdn.ttgtmedia.com\/visuals\/German\/article\/cloud-computing-4-adobe_searchsitetablet_520X173.jpg 960w,https:\/\/cdn.ttgtmedia.com\/visuals\/German\/article\/cloud-computing-4-adobe.jpg 1280w\" alt ><\/p>\n<h5>Top 10 cloud stories of 2022<\/h5>\n<div>\n<p><img decoding=\"async\" src=\"https:\/\/cdn.ttgtmedia.com\/rms\/computerweekly\/Caroline-Donnelly-CW-contributor-2022-140x180px.JPG\" alt=\"CarolineDonnelly\">\n\t\t\t\t\t\t\t\t\t<\/p>\n<p><span>By: <span>Caroline\u00a0Donnelly<\/span><\/span>\n\t\t\t\t\t\t\t<\/p>\n<\/div>\n<p>\t\t\t\t<\/a><\/li>\n<li><a id=\"DigDeeperItem-2\" href=\"https:\/\/www.computerweekly.com\/news\/252526636\/AWS-revenue-growth-rate-falls-as-enterprise-customers-seek-to-cut-costs\"><br \/>\n\t\t\t\t\t<img decoding=\"async\" src=\"https:\/\/cdn.ttgtmedia.com\/visuals\/ComputerWeekly\/Hero Images\/financial-results-chart-graph-3-adobe_searchsitetablet_520X173.jpg\" srcset=\"https:\/\/cdn.ttgtmedia.com\/visuals\/ComputerWeekly\/Hero%20Images\/financial-results-chart-graph-3-adobe_searchsitetablet_520X173.jpg 960w,https:\/\/cdn.ttgtmedia.com\/visuals\/ComputerWeekly\/Hero%20Images\/financial-results-chart-graph-3-adobe.jpeg 1280w\" alt ><\/p>\n<h5>AWS revenue growth rate falls as enterprise customers seek to cut costs<\/h5>\n<div>\n<p><img decoding=\"async\" src=\"https:\/\/cdn.ttgtmedia.com\/rms\/Caroline Donnelly.JPG\" alt=\"CarolineDonnelly\">\n\t\t\t\t\t\t\t\t\t<\/p>\n<p><span>By: <span>Caroline\u00a0Donnelly<\/span><\/span>\n\t\t\t\t\t\t\t<\/p>\n<\/div>\n<p>\t\t\t\t<\/a><\/li>\n<li><a id=\"DigDeeperItem-3\" href=\"https:\/\/www.computerweekly.com\/news\/252523303\/AWS-remains-high-point-in-Amazon-results-as-company-posts-another-quarter-loss\"><br \/>\n\t\t\t\t\t<img decoding=\"async\" src=\"https:\/\/cdn.ttgtmedia.com\/visuals\/ComputerWeekly\/Hero Images\/financial-results-chart-graph-4-adobe_searchsitetablet_520X173.jpg\" srcset=\"https:\/\/cdn.ttgtmedia.com\/visuals\/ComputerWeekly\/Hero%20Images\/financial-results-chart-graph-4-adobe_searchsitetablet_520X173.jpg 960w,https:\/\/cdn.ttgtmedia.com\/visuals\/ComputerWeekly\/Hero%20Images\/financial-results-chart-graph-4-adobe.jpeg 1280w\" alt ><\/p>\n<h5>AWS remains high point in Amazon results as company posts another quarter loss<\/h5>\n<div>\n<p><img decoding=\"async\" src=\"https:\/\/cdn.ttgtmedia.com\/rms\/Caroline Donnelly.JPG\" alt=\"CarolineDonnelly\">\n\t\t\t\t\t\t\t\t\t<\/p>\n<p><span>By: <span>Caroline\u00a0Donnelly<\/span><\/span>\n\t\t\t\t\t\t\t<\/p>\n<\/div>\n<p>\t\t\t\t<\/a><\/li>\n<li><a id=\"DigDeeperItem-4\" href=\"https:\/\/www.computerweekly.com\/news\/252523221\/Microsoft-anticipates-33bn-savings-by-extending-server-life\"><br \/>\n\t\t\t\t\t<img decoding=\"async\" src=\"https:\/\/cdn.ttgtmedia.com\/visuals\/ComputerWeekly\/Hero Images\/technology-digital-future-3-adobe_searchsitetablet_520X173.jpg\" srcset=\"https:\/\/cdn.ttgtmedia.com\/visuals\/ComputerWeekly\/Hero%20Images\/technology-digital-future-3-adobe_searchsitetablet_520X173.jpg 960w,https:\/\/cdn.ttgtmedia.com\/visuals\/ComputerWeekly\/Hero%20Images\/technology-digital-future-3-adobe.jpeg 1280w\" alt ><\/p>\n<h5>Microsoft anticipates $3.3bn savings by extending server life<\/h5>\n<div>\n<p><img decoding=\"async\" src=\"https:\/\/cdn.ttgtmedia.com\/rms\/computerweekly\/Cliff-Saran-Sep-2022-140x180px.jpg\" alt=\"CliffSaran\">\n\t\t\t\t\t\t\t\t\t<\/p>\n<p><span>By: <span>Cliff\u00a0Saran<\/span><\/span>\n\t\t\t\t\t\t\t<\/p>\n<\/div>\n<p>\t\t\t\t<\/a><\/li>\n<\/ul>\n<\/section>\n<\/div>\n<p><a href=\"https:\/\/www.computerweekly.com\/news\/365530163\/AWS-talks-up-healthy-and-robust-customer-pipeline-as-revenue-growth-continues-to-slow\" class=\"button purchase\" rel=\"nofollow noopener\" target=\"_blank\">Read More<\/a><br \/>\n Joan Mischke<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bits and Splits &#8211; stock.adobe.co Amazon is the latest tech giant to report a downbeat set of financial results, as enterprises continue to scale back their cloud spending By Caroline Donnelly, Senior Editor, UK Published: 03 Feb 2023 14:45 Amazon Web Services (AWS) has moved to assure the market that its new customer pipeline remains<\/p>\n","protected":false},"author":1,"featured_media":604866,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[22531,1607,46],"tags":[],"class_list":{"0":"post-604865","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-healthy","8":"category-talks","9":"category-technology"},"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/604865","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/comments?post=604865"}],"version-history":[{"count":0,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/604865\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media\/604866"}],"wp:attachment":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media?parent=604865"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/categories?post=604865"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/tags?post=604865"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}