Amazon broke $100 Billion in revenue in its 4th quarter, nearly doubling expectations for EPS, but Bezos’ announced departure steals the day.
Amazon had strong revenue, but was a bit under the threshold on earnings. Meanwhile, AWS continued to show great growth and investment in the business.
Amazon had a huge earnings beat and its cloud business AWS did better than expected nearing $10 Billion this quarter. A dive into AWS for the 4th quarter.
AWS reached 9 Billion in revenue this quarter, but fell just short of expectations along with the company. A look at AWS and its mid-term outlook.
Amazon Web Services (AWS) reported lower than expected growth at 37%. However, as AWS matures, their growth will decline and competition like Microsoft Azure will likely gain market share. However, AWS is doing a lot well, and should keep their eyes on the big picture.