Q2 2023 Hyperscaler Earnings Review
Update: 2023-08-21
Description
Headwinds from workload optimization may have peaked in Q2. After nearly a year of negative drag on revenue growth for the hyperscalers, it appears that cloud infrastructure customers are shifting their focus away from workload optimization and back towards the deployment of new ones. At least that is what Amazon’s CEO told us in the opening statement of their earnings release. While the hyperscalers delivered revenue growth rates that decelerated from the prior year, they are now showing an uptick sequentially from Q1.
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