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AMAZON.COM, INC.

(AMZN)
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Real-time Estimate Cboe BZX  -  01:46:34 2023-02-07 pm EST
98.43 USD   -3.67%
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Amazon unveils supply-chain, cloud services drawing on its retail arm

11/29/2022 | 02:56pm EST

LAS VEGAS, Nov 29 (Reuters) - Amazon.com Inc on Tuesday announced software drawing on its retail expertise in an effort to boost sales to businesses and remain the largest cloud-computing provider ahead of Microsoft Corp and Alphabet Inc's Google.

Taking lessons learned over years of delivering online orders to shoppers' doorsteps, Amazon's cloud division unveiled a service called AWS Supply Chain to alert businesses when inventories are low and help them address supply issues that were chronic during the pandemic.

At its annual Las Vegas conference, the cloud unit also showed off AWS Clean Rooms, which allows businesses to tailor ads to customers while maintaining their privacy, among other applications. Amazon in recent years has developed its own major advertising business.

The services are part of Amazon's long-time strategy to develop functions for its e-commerce arm and then offer them to other companies. At the same time, Amazon's cloud has lost out on sales to brick-and-mortar retailers which are reluctant to hire a company that is also their e-commerce competitor.

Other new services it announced include Amazon Omics for genomic analysis and Amazon Security Lake, which helps businesses assemble data from cybersecurity vendors and other sources. (Reporting by Jeffrey Dastin in Las Vegas; Editing by Richard Chang)


ę Reuters 2022
Stocks mentioned in the article
ChangeLast1st jan.
ALPHABET INC. 1.27% 104.22 Delayed Quote.18.76%
AMAZON.COM, INC. -3.44% 98.6 Delayed Quote.23.08%
MICROSOFT CORPORATION 2.58% 263.22 Delayed Quote.7.07%
WISDOMTREE CLOUD COMPUTING UCITS ETF - ACC - USD -2.64% 29.045 Delayed Quote.23.10%
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Analyst Recommendations on AMAZON.COM, INC.
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Financials (USD)
Sales 2023 558 B - -
Net income 2023 14 101 M - -
Net cash 2023 26 494 M - -
P/E ratio 2023 74,2x
Yield 2023 -
Capitalization 1 047 B 1 047 B -
EV / Sales 2023 1,83x
EV / Sales 2024 1,56x
Nbr of Employees 1 541 000
Free-Float 85,5%
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Technical analysis trends AMAZON.COM, INC.
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Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 52
Last Close Price 102,18 $
Average target price 136,86 $
Spread / Average Target 33,9%
EPS Revisions
Managers and Directors
Andrew R. Jassy President, Chief Executive Officer & Director
Brian T. Olsavsky Chief Financial Officer & Senior Vice President
Jeffrey P. Bezos Executive Chairman
Patricia Q. Stonesifer Independent Director
Jonathan Jake Rubinstein Lead Independent Director
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