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證券分析師Nicholas Jones給亞馬遜股票(NASDAQ:AMZN)評級爲中性市場表現，並給出了225美元的價格目標。
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%.
Jones注意到微軟公司(NASDAQ:MSFT)的Azure和其他雲服務營業收入低於共識預期1.5%。相反，Alphabet公司(NASDAQ:GOOG) (NASDAQ:GOOGL)的Google Cloud超過了1.5%的街頭預期。
Also Read: Amazon Q2 Earnings Preview: Gains From eCommerce and Cloud Business, Operating Margin Upside On Analysts Radar
另外閱讀：亞馬遜二季度業績預覽：電商和雲業務收益，營業利潤率有分析師關注。
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.
在微軟公佈業績之前，該分析師表示，對於2024財年第二季度Amazon Web Service(AWS)營業收入增長，投資者預期爲同比增長18%，而共識預期爲17.3%，Jones說。
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.
儘管微軟發佈的業績出現意外結果，Jones指出，投資者仍將尋找第二季度AWS增長18%。他說，根據最近歷史上AWS與Azure增長比率和微軟的評論，可能區間爲16.5%至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.
微軟引導Azure和其他雲服務收入按貨幣環比增長28%-29%，而共識預期爲30.2%，Jones指出。該分析師補充說，管理層指出某些歐洲地區和容量限制是Azure軟件數據的關鍵因素。
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.
Jones不認爲亞馬遜的AWS業務會像微軟的Azure業務一樣受容量限制，因此將亞馬遜定位爲在今年剩餘時間內提供穩定至加速的AWS增長趨勢。
Accordingly, Jones is incrementally optimistic about Amazon and noted it is likely to increase share gains.
因此，Jones對亞馬遜的前景持增量樂觀態度，並指出亞馬遜可能會增加市場份額。
Jones projected second-quarter revenue and EBITDA of $147.39 billion and $30.78 billion.
Jones預測第二季度的營業收入和EBITDA分別爲1473.9億美元和307.8億美元。
AMZN Price Action: Amazon shares traded higher by 2.74% to $186.74 at the last check Wednesday.
AMZN股價表現：週三最後一次檢查時，亞馬遜股票上漲2.74%，至186.74美元。
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