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Amazon Earnings: AWS Revenue Up 39.3% for Highest Growth in About 5 Years, Free Cash Flow Deteriorates Significantly

Amazon Earnings: AWS Revenue Up 39.3% for Highest Growth in About 5 Years, Free Cash Flow Deteriorates Significantly
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Amazon's July-September quarter recorded record revenue with AWS up 39.3% and backlog at $578 billion, though free cash flow turned significantly negative due to heavy capex.

Key points

  • •Revenue for the July-September quarter increased 12% year-on-year to a record high.
  • •AWS revenue grew by 39.3%, with the backlog reaching $578 billion.
  • •Net income slightly decreased due to the reversal of last year's Anthropic valuation gain, and free cash flow became significantly negative due to massive capital investment.
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#AI Companies & Funding#Semiconductors & Infrastructure#AWS#Anthropic#Amazon

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