Amazon (NASDAQ:AMZN) continues to attract sports clients through its robust cloud services portfolio. The latest example is a five-year agreement with FWD Group Holdings Limited (“FWD”), extending FWD’s existing cloud technology collaboration with Amazon Web Services (“AWS”).
Under this agreement, AWS becomes FWD’s strategic cloud provider. FWD aims to leverage AWS’s cloud computing capabilities, agility, and scalability to support its cloud-first strategy. This move underscores the efficiency and reliability of AWS’s innovative cloud products and services.
Customer Base Expansion
FWD’s decision to partner with AWS strengthens AWS’s customer base and showcases its growing appeal. AWS’s focus on enhancing its service offerings continues to drive customer momentum.
Recent partnerships highlight this trend. NinjaTech AI teamed up with AWS to launch its next-generation AI agent, Ninja, using AWS’s machine learning chips Trainium and Inferentia2 for enhanced performance.
CrowdStrike (NASDAQ:CRWD) extended its strategic partnership with AWS to accelerate cloud security and AI innovation. CrowdStrike utilizes Amazon Bedrock and Amazon SageMaker to boost innovation in SIEM transformation and novel cybersecurity AI use cases. This partnership aims to advance generative AI capabilities in CrowdStrike’s Falcon Platform.
Brightcove is using Amazon’s generative AI assistant, Amazon Q Business on AWS, for real-world applications in the enterprise, media, and entertainment technology sectors. Additionally, BlackBerry unveiled a generative AI-backed cybersecurity advisor, Cylance Assistant, leveraging Amazon Bedrock to enhance cybersecurity operations.
Zilch also extended its collaboration with AWS to expand its use of AI and ML services, aiming to accelerate sales and improve customer service and lending decisions over the next two years.
AWS’s expanding customer base is expected to continue driving its top-line growth. In the first quarter of 2024, AWS generated $25.04 billion in revenue, accounting for 18% of Amazon’s total sales and marking a 17% year-over-year increase.
AWS’s strong performance, as a key catalyst for Amazon, is likely to boost investor optimism in the stock. Year to date, AMZN has gained 20.3%.
Featured Image: Freepik
