Connect with us

Hi, what are you looking for?

TopMarketReports.comTopMarketReports.com

Tech News

Amazon Web Services CEO to step down

Illustration of Amazon’s wordmark on an orange, black, and tan background made up of overlapping lines.
Illustration by Alex Castro / The Verge

AWS CEO Adam Selipsky is stepping down, effective June 3rd, according to a leaked email from Amazon CEO Andy Jassy viewed by The Verge. Matt Garman, the SVP of AWS sales, marketing, and global services at Amazon, will replace Selipsky as CEO. Amazon confirmed The Verge’s reporting in a blog post published this morning.

Garman is a nearly 18-year veteran of Amazon, spending the entire time working on AWS.

Amazon reported that revenue from its cloud unit grew 17 percent year over year in the first quarter of 2024, beating Wall Street expectations, with revenue at $25.04 billion. AWS is also very profitable, accounting for 17 percent of Amazon’s revenue in the most recent quarter and 62 percent of its operating income. That invisible server…

Continue reading…

You May Also Like

Tech News

I’m the most shocked that I enjoyed the app. | Image: Headspace, Meta I am not a chill person, but I would like to...

Editor's Pick

Michael F. Cannon Any day now, the Biden administration could issue a regulation that, if it mirrors what the administration proposed in July, would take...

Politics

The GOP is blasting President Biden’s campaign over an ‘out-of-touch’ memo warning that former President Trump’s re-election could mean the end of one of...

Politics

The United States is currently embroiled in a Cold War with China according to expert Michael Sobolik, who recently told Fox News Digital that...