Amazon Web Services sales and support teams are currently “spending much of their time helping customers optimize their AWS spend so they can better weather this uncertain economy,” says CEO Andy Jassy in an annual letter to shareholders.

AWS customers are “not cost-cutting as much as cost-optimizing so they can take their resources and apply them to emerging and inventive new customer experiences they’re planning,” Jassy said.

(This is pretty much what we’d expect Amazon to say. It may also be true.)

Amazon invested heavily in AWS during the 2007-8 economic downturn and saw that investment pay off. Jassy sees its “Kuiper” satellite broadband program as being at a similar stage today.

And AWS is putting greater focus on custom silicon.

Mitch W @MitchW