AWS grew 39.3% YoY, its fastest in ~5 years, and its commit backlog jumped $82B in one quarter to $578B. That’s 3+ years of AWS revenue, already under contract.

$1.6T+ is now committed to AWS, Azure and Google Cloud, 3x as much as 12 months ago. Each cloud has 3+ years of its revenue already under contract. Google has 4.6.

Cloud commitments grew ~5X in the last three years to ~1.5T. Publicly disclosed Marketplace milestones grew to more than $30B. We mapped every public $1B+ Marketplace milestone against our Cloud Commitment Tracker. Two curves. Together they show how fast the commercial system around cloud marketplaces matured.

AWS added $301B to its backlog in 12 months, taking it to $496B. Amazon now says AWS could become a $1T annual revenue business. Here is what Amazon sees coming next.

AWS, Azure and Google Cloud just added $200B+ to customer cloud commitments in a single quarter. The total is now at ~$1.5 trillion. This came alongside a sharp acceleration in cloud revenue growth. ​ Here’s the breakdown

Microsoft shares up 15% today after its $100B+ Azure business grew 43% in Q4, and guided 45% next quarter. It added $51B to commercial RPO last quarter. None of it came from frontier model companies. Clearly AI infrastructure spending is translating into growth.

Google Cloud revenue grew 82% in Q2 — almost unheard of at a nearly $100B annualized run rate. Partner momentum was even stronger: Marketplace transactions surged >7X YoY.

AWS, Azure and Google Cloud reported staggering revenue growth numbers last week. Combined cloud backlog exceeds $1.2 Trillion. All three are capacity constrained. Here’s a quick breakdown.

$553B customer commits. 531% multicloud database growth. 243% AI infra growth. Oracle just showed what partner-led AI-cloud growth really looks like. For months, Wall Street questioned whether this was real demand or just AI narrative. Oracle’s last quarter performance gave a clear answer.