Amazon Web Services CEO Andy Jassy
Amazon CEO Andy Jassy
  • Revenue for AWS grew 16% year-over-year in the first quarter, trailing Microsoft and Google.
  • Amazon said cloud revenue trended down by 500 basis points in April, suggesting year-over-year growth of 11%. 
  • Amid a weak economy, the entire cloud computing industry is experiencing a slowdown.

A few years ago, there was no question that Amazon was the dominant cloud provider. Today, doubts are beginning to creep in. 

The three largest cloud companies reported results in recent days and the growth picture for Amazon Web Services is, well, cloudy.