We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
E-commerce behemoth Amazon (AMZN - Free Report) just reported its latest quarterly financial results, and despite the company’s ever-tightening grip on the domestic and international retail markets, investors are perhaps more interested in hearing about the continued growth of its cloud computing division, Amazon Web Services.
Overall, Amazon reported adjusted earnings of $3.27 per share, absolutely crushing the Zacks Consensus Estimate of $1.22. Meanwhile, the company saw revenue figures of $51.04 billion, topping our consensus estimate of $50.17 billion and jumping roughly 43% from the year-ago period.
AWS is a collection of enterprise-level platforms designed for websites and companies that can’t afford the time or money it takes to develop their own server farms. In other words, AWS provides cloud-based storage and templates for companies to quickly boost their computing capabilities.
Launched a decade ago, AWS has really exploded in popularity over the past few years. In the trailing two quarters, Amazon has posted segment revenue growth of 44.4% and 41.8%, respectively, in the AWS unit.
We judge the performance of these segments using our exclusive Zacks Non-Financial Metrics Consensus Estimates. The Zacks Consensus NFM file contains detailed estimate data for business segment metrics and non-financial metrics reported by companies. The data is acquired from digest and contributing broker models and includes the independent research of expert stock market analysts.
Heading into the report, our consensus estimates were calling for Amazon to report AWS revenues of $5.24 billion. Amazon investors will be pleased to note that the company just reported first quarter fiscal 2018 revenues of $5.44 billion for AWS.
This results surpasses our estimate and represents year-over-year growth of 49%. Segment operating margin as a percentage of AWS net sales was 25.7%, up from 24.3% in the prior-year period. Operating income in the unit climbed 57% to touch $1.4 billion.
Want more market analysis from this author? Make sure to follow @Ryan_McQueeneyon Twitter!
Investor Alert: Breakthroughs Pending
A medical advance is now at the flashpoint between theory and realization. Billions of dollars in research have poured into it. Companies are already generating substantial revenue, and even more wondrous products are in the pipeline.
Cures for a variety of deadly diseases are in sight, and so are big potential profits for early investors. Zacks names 5 stocks to buy now.
Image: Bigstock
Amazon Q1 Earnings Guide: AWS Revenue Soars 49%
E-commerce behemoth Amazon (AMZN - Free Report) just reported its latest quarterly financial results, and despite the company’s ever-tightening grip on the domestic and international retail markets, investors are perhaps more interested in hearing about the continued growth of its cloud computing division, Amazon Web Services.
Overall, Amazon reported adjusted earnings of $3.27 per share, absolutely crushing the Zacks Consensus Estimate of $1.22. Meanwhile, the company saw revenue figures of $51.04 billion, topping our consensus estimate of $50.17 billion and jumping roughly 43% from the year-ago period.
But as mentioned, many Amazon investors are most interested in hearing about the company’s Web Services unit (also read: The Complete Guide To Everything Owned By Amazon).
AWS is a collection of enterprise-level platforms designed for websites and companies that can’t afford the time or money it takes to develop their own server farms. In other words, AWS provides cloud-based storage and templates for companies to quickly boost their computing capabilities.
Launched a decade ago, AWS has really exploded in popularity over the past few years. In the trailing two quarters, Amazon has posted segment revenue growth of 44.4% and 41.8%, respectively, in the AWS unit.
We judge the performance of these segments using our exclusive Zacks Non-Financial Metrics Consensus Estimates. The Zacks Consensus NFM file contains detailed estimate data for business segment metrics and non-financial metrics reported by companies. The data is acquired from digest and contributing broker models and includes the independent research of expert stock market analysts.
Heading into the report, our consensus estimates were calling for Amazon to report AWS revenues of $5.24 billion. Amazon investors will be pleased to note that the company just reported first quarter fiscal 2018 revenues of $5.44 billion for AWS.
This results surpasses our estimate and represents year-over-year growth of 49%. Segment operating margin as a percentage of AWS net sales was 25.7%, up from 24.3% in the prior-year period. Operating income in the unit climbed 57% to touch $1.4 billion.
Want more market analysis from this author? Make sure to follow @Ryan_McQueeney on Twitter!
Investor Alert: Breakthroughs Pending
A medical advance is now at the flashpoint between theory and realization. Billions of dollars in research have poured into it. Companies are already generating substantial revenue, and even more wondrous products are in the pipeline.
Cures for a variety of deadly diseases are in sight, and so are big potential profits for early investors. Zacks names 5 stocks to buy now.
Click here to see them >>