Amazon CFO Says Company Is Encouraged By Strength Of Cloud Customer Pipeline; Still Cost Optimization In Cloud Going On; Cloud Growth Rate Stabilized And Continuing Into Q3
Portfolio Pulse from Happy Mohamed
Amazon's CFO has expressed optimism about the strength of the company's cloud customer pipeline. He also mentioned that cost optimization in the cloud is ongoing and that the cloud growth rate has stabilized and is expected to continue into Q3.
August 04, 2023 | 2:48 pm
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Amazon's CFO's positive comments about the company's cloud customer pipeline and ongoing cost optimization could boost investor confidence in the company's cloud business.
The CFO's comments indicate a strong outlook for Amazon's cloud business, which could lead to increased investor confidence and potentially a rise in the company's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100