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RBC Capital Reiterates Outperform Rating on Amazon.com (AMZN) Following Day 1 of All Virtual re:Invent Conference
December 2, 2020 6:50 AM ESTRBC analyst Mark Mahaney has remained positive on the outlook for Amazons (NASDAQ: AMZN) AWS after participating in the 9th annual re:Invent event.
The company remains a clear leader in the Cloud Infrastructure as a Service (IaaS) and Platform as a Service (Paas) market, Mahaney writes in todays research note sent to clients.
Of note is how AWSs rate of growth has accelerated over the yearsit took AWS 123 months to get to $10B in annual revenue, 23 months from $10B to $20B, 13 months from $20B to $30B and 12... More
