E-commerce giant Amazon (AMZN - Free Report) just released its fouth-quarter fiscal 2016 earnings results. While Amazon made its name as an online shopping marketplace, one of the most notable aspects of today’s report was the latest data from Amazon Web Services.
(Also Read: The Complete Guide To Everything Owned By Amazon)
Web Services 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 third quarter, Amazon reported AWS revenues of $3.231 billion, which represented growth of 55% year-over-year and 12% sequentially.
According to today’s report, Amazon Web Services revenues came in at $3.536 billion for the fourth quarter. This figure was up 47% from the prior-year quarter and represents sequential growth of 9.4%.
Make sure to check back later for more commentary on the growth of Amazon Web Services!
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Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
E-commerce giant Amazon (AMZN - Free Report) just released its fouth-quarter fiscal 2016 earnings results. While Amazon made its name as an online shopping marketplace, one of the most notable aspects of today’s report was the latest data from Amazon Web Services.
(Also Read: The Complete Guide To Everything Owned By Amazon)
Web Services 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 third quarter, Amazon reported AWS revenues of $3.231 billion, which represented growth of 55% year-over-year and 12% sequentially.
According to today’s report, Amazon Web Services revenues came in at $3.536 billion for the fourth quarter. This figure was up 47% from the prior-year quarter and represents sequential growth of 9.4%.
Make sure to check back later for more commentary on the growth of Amazon Web Services!
Long-Term Buys You Won't See in the News
The stocks you see in today's headlines may not be in the news tomorrow or next week. If you're looking for profitable long-term investments, you may be interested to see what Zacks Research is recommending to our private members. These moves have double and triple-digit profit potential. Starting now, you can look inside our stocks under $10, home run and value stock portfolios, plus more. Want a peek at this exclusive information?Click here>>
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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