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MarketScreener Homepage  >  Equities  >  Nasdaq  >  Amazon.com, Inc.    AMZN

AMAZON.COM, INC.

(AMZN)
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Amazon com : Bharti Airtel partners with Amazon to grow cloud business

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08/05/2020 | 07:36am EDT
Outbreak of the coronavirus disease (COVID-19) in Kolkata

Bharti Airtel Ltd and Amazon Web Services (AWS) will join forces to develop the Indian telecoms firm's cloud business, allowing it to offer a wider range of products to its enterprise clients, the two companies said on Wednesday.

Airtel Cloud currently provides data centre and cloud services to companies and governments via different partnerships.

"AWS with the depth and breadth of our platform, and Airtel with its deep reach and expertise and focus, I think together we can build a set of really differentiated cloud products and go serve customers at scale in India," Puneet Chandok, President, India and South Asia at Amazon Internet Services told a virtual news conference.

New products could include data analytics, artificial intelligence and machine learning, and security services among others, the two companies said.

The public cloud services market in India is expected to be worth $7.1 billion in 2024, up from $3.4 billion this year, according to tech researcher International Data Corp.

The tie up with Bharti will offer Amazon's web services business direct access to the Indian firm's more than 2,500 large enterprise customers and over a million emerging businesses.

Airtel customers will get sales and support from both companies.

(Reporting by Sankalp Phartiyal; Editing by Kirsten Donovan)

Stocks mentioned in the article
ChangeLast1st jan.
AMAZON.COM, INC. 0.12% 3148.73 Delayed Quote.70.40%
BHARTI AIRTEL LIMITED -3.34% 420.9 End-of-day quote.-7.66%
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Financials (USD)
Sales 2020 369 B - -
Net income 2020 15 998 M - -
Net cash 2020 51 861 M - -
P/E ratio 2020 100x
Yield 2020 -
Capitalization 1 577 B 1 577 B -
EV / Sales 2020 4,14x
EV / Sales 2021 3,44x
Nbr of Employees 798 000
Free-Float 81,3%
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Technical analysis trends AMAZON.COM, INC.
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TrendsBearishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 53
Average target price 3 712,00 $
Last Close Price 3 148,73 $
Spread / Highest target 42,9%
Spread / Average Target 17,9%
Spread / Lowest Target -13,3%
EPS Revisions
Managers
NameTitle
Jeffrey P. Bezos Chairman, President & Chief Executive Officer
Dave Clark Senior Vice President-Worldwide Operations
Brian T. Olsavsky Chief Financial Officer & Senior Vice President
Patricia Q. Stonesifer Independent Director
Thomas O. Ryder Independent Director
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