
AWS faces short-term headwinds, writes Amazon CEO Andy Jassy in a letter to investors dated 13-April-2023, due to companies "being more cautious in spending given the challenging, current macroeconomic conditions." Nevertheless, Jassy says AWS continues to invest in cloud infrastructure and customer development for the long term.Some notes from his letter:AWS revenue amounted to $80B in 2022, with about 90% of Global IT spending still on-premises...