Is Microsoft Corp. raining on Amazon.com Inc.'s parade in cloud computing?
That’s a key question coming out of Amazon’s AMZN late Thursday earnings report, as the technology giant’s chief financial officer warned that April growth rates for the AWS cloud-computing unit were running 500 basis points lower than what was seen in the first quarter, which brought a slowdown of its own. It seemed a more severe message than what Microsoft Corp. MSFT executives struck earlier in the week.
“Hence, I think that Azure continues to gain ground on AWS more generally which is of concern especially as Amazon is trying to reduce costs and be more profitable,” Windsor wrote. Executives at both Amazon and Microsoft noted that customers are still looking to “optimize” spending as they deal with economic uncertainty, but Microsoft’s CFO specifically called out that “at some point, workloads just can’t be optimized much further” and comparisons can ease.
But he wasn’t overly concerned about AWS either, figuring that the implied 11% April growth rate wasn’t so dramatically off from the exit rate of the first quarter.
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