Amazon falls short on cloud revenue for third straight quarter

Amazon CEO Andy Jassy speaks during an unveiling event in New York on Feb. 26, 2025. Amazon announced a rebuilt Alexa voice assistant known as Alexa+, which will have generative artificial intelligence (AI) features.Amazon's cloud business grew at a slower pace than expected in the first quarter, a third straight revenue miss.Revenue at Amazon Web Services increased 17% to $29.27 billion, while analysts polled by StreetAccount had expected$29.42 billion. The growth slowed from 18.9% in the fourth quarter.A ...