Amazon's AWS Growth Expected To Outpace Microsoft Azure, Analyst Optimistic
Amazon's AWS Growth Expected To Outpace Microsoft Azure, Analyst Optimistic
JMP Securities analyst Nicholas Jones rated Amazon.com Inc (NASDAQ:AMZN) shares with Market Perform and a price target of $225.
JMP证券分析师尼古拉斯·琼斯将亚马逊公司（纳斯达克股票代码：AMZN）的股票评级为市场表现，目标股价为225美元。
Jones noted that Microsoft Corp's (NASDAQ:MSFT) Azure and other cloud services revenue missed consensus expectations by 1.5%. Conversely, Alphabet Inc (NASDAQ:GOOG) (NASDAQ:GOOGL) Google Cloud beat Street expectations by 1.5%.
琼斯指出，微软公司（纳斯达克股票代码：MSFT）的Azure和其他云服务收入未达到共识预期1.5％。相反，Alphabet Inc（纳斯达克股票代码：GOOG）（纳斯达克股票代码：GOOGL）谷歌云比华尔街的预期高出1.5％。
Also Read: Amazon Q2 Earnings Preview: Gains From eCommerce and Cloud Business, Operating Margin Upside On Analysts Radar
另请阅读：亚马逊第二季度收益预览：电子商务和云业务的收益，分析师关注的营业利润率上涨
Before Microsoft's earnings, the analyst noted investor expectations for fiscal 2024 second-quarter Amazon Web Service (AWS) revenue growth was 18% y/y, vs. consensus of 17.3%, Jones said.
琼斯说，在微软公布财报之前，分析师指出，投资者对2024财年第二季度亚马逊网络服务（AWS）收入同比增长18％，而市场普遍预期为17.3％。
Despite Microsoft's results, Jones noted investors will still look for AWS growth of 18% in the second quarter. He said the probable range is likely 16.5%-18.5% based on recent historical AWS-to-Azure growth ratios and Microsoft's commentary.
尽管微软取得了业绩，但琼斯指出，投资者仍希望AWS在第二季度实现18％的增长。他说，根据最近的AWS与Azure的历史增长率和微软的评论，可能的区间可能为16.5％-18.5％。
Microsoft guided Azure and other cloud services revenue to grow 28%-29% cc, versus consensus expectations of 30.2%, Jones flagged. The analyst added management pointed to softness in some European geographies and capacity constraints as crucial factors behind Azure's softer numbers.
琼斯表示，微软指导Azure和其他云服务收入增长28％-29％，而市场普遍预期为30.2％。该分析师补充说，管理层指出，一些欧洲地区的疲软和产能限制是Azure数字疲软的关键因素。
Jones does not expect Amazon's AWS business to have the same capacity constraints as Microsoft's Azure business, therefore positioning Amazon to deliver stable-to-accelerating AWS growth trends through the rest of the year.
琼斯预计亚马逊的AWS业务不会有与微软的Azure业务相同的容量限制，因此亚马逊有望在今年余下的时间里实现稳定至加速的AWS增长趋势。
Accordingly, Jones is incrementally optimistic about Amazon and noted it is likely to increase share gains.
因此，琼斯对亚马逊越来越乐观，并指出这可能会增加股价上涨。
Jones projected second-quarter revenue and EBITDA of $147.39 billion and $30.78 billion.
琼斯预计第二季度收入和息税折旧摊销前利润为1473.9亿美元和307.8亿美元。
AMZN Price Action: Amazon shares traded higher by 2.74% to $186.74 at the last check Wednesday.
亚马逊价格走势：在周三的最后一次支票中，亚马逊股价上涨2.74％，至186.74美元。
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