10-26-2017, 01:04 PM
Despite the astonishing expansion of Amazon's (AMZN - Get Report) cloud computing juggernaut over the last decade, Amazon Web Services is slowing from "hypergrowth" to mere "high growth," KeyBanc analyst Edward Yruma suggested in a preview of the company's earnings report on Thursday. That's hardly a knock on the success of the company. "While AWS growth is poised to decelerate for the eighth quarter in a row, there are few enterprises franchises operating at an $18 [billion] scale while still growing in excess of 40% annually," Yruma wrote. Amazon will give the latest read on its cloud business on Thursday when it reports numbers after the close.
Amazon's Cloud Business Is Decelerating From 'Hypergrowth' to Mere 'High Growth' - TheStreet