Amazon’s Cloud Computing Numbers Surprise Technology Experts and Market Analysts
April 26, 2015
Grazed from UncoverCalifornia. Author: Jonathan Clifford.
Online retailer Amazon shared the revenue and profit numbers for its cloud service for the first time and the numbers have caught market analysts by surprise. The Amazon Web Services division has registered revenue of more than $6 billion and profit over $1 billion. The cloud computing market is big but till data Amazon had not shared the details of its cloud venture.
Just when some analysts had started questioning Amazon’s ability to grow quarter on quarter, Jeff Bezos has thrown in a positive surprise for everyone. Investors are happy and many rating agencies will surely rerate Amazon stock in the coming days…
Amazon stock registered impressive gains at 14.1 percent to close at $445.10 and touched $452 intraday…
Read more from the source @ http://uncovercalifornia.com/content/24163-amazon-s-cloud-computing-numbers-surprise-technology-experts-and-market-analysts