Analysts Eagerly Await Amazon's First-Quarter Results


All eyes are on today and the Internet giant prepares to report its first-quarter results after the closing bell.

According to Thomson Reuters I/B/E/S, Wall Street analysts anticipate that Amazon will report a first-quarter profit of 61 cents per share – a drop from 66 cents last year. However, they also expect $9.51 billion in sales – a 33.4 percent spike from last year.

Without a doubt, investors will be listening for news of Amazon’s growth in the areas of books and electronics. So too will sales of the company’s Kindle e-reader keep analysts buzzing. But probably of greatest curiosity is the success Amazon has achieved in the building of its cloud computing arm.

According to an Associated Press article, Amazon “has been willing to sacrifice some profitability to win customers and build its new businesses. It has invested heavily in areas such as "cloud computing" -- which allows companies to store data on its servers -- to take on its rivals Google Inc and Apple Inc.”

Unfortunately, the timing could be better. Just this morning, Amazon got its cloud computing services, Amazon Web Services (AWS) and Elastic Compute Cloud (EC2), back up and running after nearly a week-long outage. According to Amazon's AWS status dashboard, the problems began around 1:41am PT when sites such as Foursquare began experiencing delays and errors when connecting to Amazon’s cloud computing servers.

For all the cost savings and convenience promised by cloud computing services such as Amazon’s AWS, there has been widespread criticism of the pay-as-you-go technology.

Earlier this year, reported that a Germany-based security researcher’s claims he could hack into protected networks using software that runs on Amazon’s cloud-based computers, according to a Reuters report.

Technical glitches aside, it’ll be interesting to see how’s cloud computing success fits into its game plan, and how analysts and investors will react to its role in the company’s long-term growth strategy.

Edited by Jennifer Russell

TechZone360 Contributing Editor

Related Articles

Coding and Invention Made Fun

By: Special Guest    10/12/2018

SAM is a series of kits that integrates hardware and software with the Internet. Combining wireless building blocks composed of sensors and actors con…

Read More

Facebook Marketplace Now Leverages AI

By: Paula Bernier    10/3/2018

Artificial intelligence is changing the way businesses interact with customers. Facebook's announcement this week is just another example of how this …

Read More

Oct. 17 Webinar to Address Apache Spark Benefits, Tools

By: Paula Bernier    10/2/2018

In the upcoming webinar "Apache Spark: The New Enterprise Backbone for ETL, Batch and Real-time Streaming," industry experts will offer details on clo…

Read More

It's Black and White: Cybercriminals Are Spending 10x More Than Enterprises to Control, Disrupt and Steal

By: Cynthia S. Artin    9/26/2018

In a stunning new report by Carbon Black, "Hacking, Escalating Attacks and The Role of Threat Hunting" the company revealed that 92% of UK companies s…

Read More

6 Challenges of 5G, and the 9 Pillars of Assurance Strategy

By: Special Guest    9/17/2018

To make 5G possible, everything will change. The 5G network will involve new antennas and chipsets, new architectures, new KPIs, new vendors, cloud di…

Read More