AWS revenue growth dropped to 12% in Q2, but company remains optimistic about cloud biz

Amazon has seen AWS growth rates dropping substantially over the last three quarters from 20% to 16% to 12% this quarter. That’s not the kind of trend any company wants to see, but especially for a division like AWS, which has been a growth driver for Amazon over the years. Still, Amazon CEO Andy Jassy believes that the company might have turned the corner in its cloud business, while putting those results into context.
“While customers have continued to optimize [their cloud spend] during the second quarter, we’ve started seeing more customers shift their focus toward driving innovation

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