Amazon Web Services reported third-quarter revenue of $33 billion, an increase of 20% from the prior year and the biggest year-over-year rise since the end of 2022. Investor expectations for the cloud business were relatively low heading into Thursday’s earnings report after the company in recent quarters cited constraints in getting new data centers online. Chief Executive Officer Andy Jassy and other executives had said they were optimistic about the business, though they stopped short of forecasting a reacceleration of growth.
