Amazon delivered above analyst expectations in its fiscal Q3 beating earnings by more than 60%. AWS grew by 29% going above $11.6 billion.
Amidst the global pandemic Amazon has been positioned well for continued success and this quarter shined as the company delivered well above expectations.
AWS has announced a strategic partnership to offer Slack in coordination with the company’s own Amazon Chime tool for collaboration. What does this mean?
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.
By stepping up industry awareness of its established public cloud relations and portfolio expertise, Netcracker bolsters its ability to fulfill more CSP adoption of cloud platforms in order to catalyze their digital transformation journeys and spur their 5G deployments, especially by 2021. The move is a solid indicator of broader collaboration between cloud providers and telco software suppliers throughout 2020 including potential M&A activity.
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.
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.