Growth of US cloud champions slowed down

Posted Nov 2, 2022, 6:18 PMUpdated Nov 2, 2022, 7:02 PM

It’s not the storm yet, but the weather is changing in the cloud computing market. “Winter is here, it’s coming for everyone and no software publisher will be spared,” summarizes Alex Zukin, analyst at Wolfe Research. Reading the recent quarterly results of the American champions of online computing proves him right.

A pioneer in a market that it has largely dominated for sixteen years, Amazon’s IT subsidiary has just announced its weakest quarterly growth since the group began to detail its results in 2014. With a turnover of more than 20 billion dollars between July and September and up 27.5%, Amazon Web Services (AWS) is certainly still in great shape. But the world number one in server sharing has seriously slowed down from the 38% growth recorded a year earlier. And even making the comparison with the 33% increase observed last spring…

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