The new capabilities of Amazon Q Developer are currently available in preview. These developments are part of AWS's ongoing expansion of services to support a wide range of workloads, as AWS continues to grow its global infrastructure with plans for more Availability Zones and AWS Regions. InvestingPro data shows Amazon's strong cash flows and moderate debt levels support this expansion strategy.This announcement is based on a press release statement from Amazon Web Services.
Amazon Q Developer is now capable of modernizing Windows .NET applications to Linux up to four times faster, with a potential reduction in licensing costs of up to 40%. The tool simplifies the transformation of VMware (NYSE:VMW) workloads to AWS, converting on-premises network configurations into AWS equivalents in a fraction of the traditional time. For mainframe modernization, Amazon Q Developer streamlines complex tasks like code analysis and refactoring, which can significantly reduce the time and cost associated with these projects.
Several customers and partners, including ADP, Amdocs (NASDAQ:DOX), Cognizant (NASDAQ:CTSH), and Toyota Motor (NYSE:TM) North America, have utilized Amazon Q Developer to accelerate their migration efforts. The AI-powered agents within Amazon Q Developer automate tasks such as code analysis, documentation, and planning, enabling organizations to focus on new application development and other priorities.
Earlier this year, AWS integrated Amazon Q Developer's Java transformation capability into its internal systems, resulting in more than 4,500 years of saved development work and $260 million in annual cost savings from performance improvements. These efficiency gains complement Amazon's robust 11.93% revenue growth over the last twelve months. Building on this success, AWS is extending the technology to support more extensive legacy transformation projects. For deeper insights into Amazon's financial performance and growth metrics, InvestingPro subscribers can access over 30 additional exclusive tips and comprehensive financial analysis.
Amazon Q Developer now also offers a new web application for customers and partners to collaborate on large-scale transformation projects. This centralized platform allows teams to review plans, make refinements, and monitor project milestones.
The new capabilities of Amazon Q Developer are currently available in preview. These developments are part of AWS's ongoing expansion of services to support a wide range of workloads, as AWS continues to grow its global infrastructure with plans for more Availability Zones and AWS Regions.
This announcement is based on a press release statement from Amazon Web Services.
In other recent news, Amazon.com Inc (NASDAQ:AMZN) has introduced a series of advanced artificial intelligence models, Amazon Nova, and new AI servers equipped with proprietary Trainium2 chips. These developments are part of Amazon's strategic initiatives to enhance its AI and cloud computing capabilities. The Amazon Nova models, which include text-to-text and multi-modal models, have demonstrated competitive performance against industry benchmarks. AWS has also announced upgrades to its Simple Storage Service (S3), further enhancing its data analytics and management capabilities. Financial analysis firms BMO Capital Markets and MoffettNathanson have reiterated their positive outlook on Amazon, reflecting confidence in the company's market position and recent strategic developments. These are recent developments in Amazon's operations and strategic decisions.
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