Amazon’s weak outlook adds to cloud pessimism

US internet giant Amazon was the last of the ‘hyperscalers’ to deliver their quarterly numbers and they did little to lift the general gloom.
Q3 itself was fairly healthy, with sales up 15% to $127.1 billion. Having said that, operating income almost halved and net income was flattered by some one-off stuff. As you can see from the table extracted from its earnings announcement below, Amazon owes its profitability entirely to the AWS cloud division, but growth there is also slowing a