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Amazon Web Services’ growth rebounded for the second straight quarter, while parent company Amazon.com missed analysts’ revenue expectations and attributed its performance to consumers returning to some sense of normalcy amid the coronavirus pandemic.
Revenue for AWS, Amazon’s industry-leading cloud computing division, increased 37 percent to US$14.8 billion for the second quarter that ended June 30, compared to revenue of US$10.8 billion in last year’s second quarter.
The results equate to a US$59.2 billion annualized revenue run rate for AWS, which had been on track for a US$54 billion revenue run rate after reporting this year’s first-quarter earnings in April.