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 giant Amazon (AMZN - Free Report) just released its second-quarter fiscal 2016 earnings results. While Amazon made its claim to fame as an online shopping marketplace, one of the most notable aspects of today’s report was the latest data from Amazon Web Services.
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 2015, revenue from Web Services grew 70% to $7.88 billion from $4.64 billion in 2014. Margins in the e-commerce can be thin, and AWS has proven to be much more profitable for the company.
In the first-quarter, Amazon reported AWS revenues of $2.566 billion, which represented growth of 64% year-over-year. According to today’s report, Amazon saw second-quarter revenues of $2.886 billion for Amazon Web Services. This represents growth of 58.2% year-over-year and 12.5% from the quarter before.
Make sure to check back later for more commentary on the growth of Amazon Web Services! Also, make sure to check out our full report on Amazon’s second-quarter earnings: Amazon Posts Q2 Earnings and Revenue Beats.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Amazon (AMZN) Q2 Earnings In-Depth: AWS Grows 58%
E-Commerce giant Amazon (AMZN - Free Report) just released its second-quarter fiscal 2016 earnings results. While Amazon made its claim to fame 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 2015, revenue from Web Services grew 70% to $7.88 billion from $4.64 billion in 2014. Margins in the e-commerce can be thin, and AWS has proven to be much more profitable for the company.
In the first-quarter, Amazon reported AWS revenues of $2.566 billion, which represented growth of 64% year-over-year. According to today’s report, Amazon saw second-quarter revenues of $2.886 billion for Amazon Web Services. This represents growth of 58.2% year-over-year and 12.5% from the quarter before.
Make sure to check back later for more commentary on the growth of Amazon Web Services! Also, make sure to check out our full report on Amazon’s second-quarter earnings: Amazon Posts Q2 Earnings and Revenue Beats.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>