Monday, July 25, 2011

Amazon AWS Cloud Computing Unit Drives Analysts Crazy

Read the whole article at Seeking Alpha:

>>Get out your crystal balls: join several analysts in today's guessing game, giving Amazon's (AMZN) AWS cloud computing unit a revenue run rate.

Amazon Web Services (AWS) provide companies with an infrastructure web services platform in the cloud. The company started offering these services in 2006, but only recently analysts have started considering the unit worth a closer look.

Back in 2010, Amazon's Chief Executive Jeff Bezos said, at the company's shareholder meeting, that AWS had the potential to be as big as the firm's retail business – giving investors a good reason for some added diligence into its financials.

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