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Amazon.com Inc. isn’t seeing the same cloud momentum as its peers, and that’s weighing heavily on its stock Friday.
Whereas Microsoft Corp.
MSFT and Alphabet Inc. GOOG GOOGL both showed major growth pickups in their cloud businesses, Amazon Web Services’ results didn’t pack quite the same punch. Amazon’s AMZN second-quarter cloud revenue essentially matched expectations at $30.9 billion, up 17.5% from a year before. That was above the 16.9% clip seen in the first quarter, but the acceleration was marginal, in the view of a Roth Capital Partners analyst.
This post was originally published on Market Watch
