Amazon records cloud revenue growth and low P/E ratio
AMZN Amazon.com Inc
$266.64 -0.30%
View chart & analysis → - 1Amazon recently recorded a 39% year-over-year growth rate in Amazon cloud computing revenue.
- 2CEO Andy Jassy predicted that AWS value will reach $1 trillion.
- 3Amazon's recent forward P/E ratio is 25, which is lower than its 5-year average of 38.
So what's the key point?
Amazon's cloud service revenue grew by 39% compared to last year. The metric used to see how expensive the stock is relative to earnings is 25, which is lower than the 5-year average of 38.
Source The Motley Fool +1 · View original ↗
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