Amazon’s AWS business faces short-term headwinds with companies cautious on spending

Amazon.com Inc. said Thursday that its cloud business, Amazon Web Services — with its $85 billion annualized revenue run rate — is facing short-term headwinds as companies become more cautious about spending.

Given the challenging macroeconomic backdrop, the AWS support team is spending more time helping customers optimize their cloud spending, Chief Executive Andy Jassy wrote in his annual letter to shareholders.

“Many…