Amazon World wide web Providers: The Quantity Just one Rationale To Hold Onto AMZN Inventory

Why has Wall Street retained its consensus “overweight” score on Amazon regardless of the company’s lackluster final results above the past few quarters? To clarify, we only need 3 letters: AWS.

Amazon World-wide-web Services is the only one of Amazon’s segments that in fact surpassed analysts’ projections this previous quarter. The cloud arm created $18.44 billion in revenue for the duration of Q1, a nutritious $100 million earlier mentioned the consensus expectation of $18.27 billion. Here is why we are excited about AWS’ – and Amazon’s – upcoming.