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

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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.