(Reuters) -Amazon.com forecast second-quarter revenue below Wall Street expectations on Tuesday, as it expects tepid spending from cost-conscious businesses on its cloud computing services.
The company expects revenue of $144.0 billion to $149.0 billion for the current quarter ending June, compared with expectations of $150.07 billion, according to LSEG data.
Amazon Web Services (AWS), the largest provider of cloud computing services, posted a 17% rise in revenue to $25.0 billion in the first quarter, compared with expectations of $24.53 billion.
That compares with a rise in cloud computing revenue of 31% for Microsoft and 28% for Alphabet
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