Amazon sales up 12%, analyst says company is 'a highly profitable and free cash flow juggernaut'
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CFRA Analyst Arun Sundaram spoke
CFRA Analyst Arun Sundaram spoke with Yahoo Finance anchors Julie Hyman and Diane King Hall about Amazon's Q3 earnings results. Sundarum described the company as a 'a highly profitable and free cash flow juggernaut.'
Tech giant Amazon (AMZN) reported third-quarter earnings that beat analyst estimates this quarter, with operating income increasing more than 300% year-over-year. CFRA Analyst Arun Sundaram says that the results show that Amazon is "turning into a highly profitable and free cash flow-generating juggernaut." Pointing to the operating profit, Sundaram says "the best part is, that there's still a lot more efficiencies left to be unlocked for Amazon over the next, I would say, 3 to 5 years."
When it comes to Amazon Web Services (AWS), Sundaram says that although AWS saw flat growth this quarter, the fourth quarter looks more promising for growth based on new deals, that CEO Andy Jassy mentioned on the earnings call. However, when it comes to AWS losing market share to rivals like Microsoft (MSFT), Sundaram believes "it's way too early to tell" if that is happening.
"You can't just look at just the year-over-year growth rates and determine whether one is gaining market share at the expense of others," Sundaram tells Yahoo Finance, adding: "All these new opportunities in generative AI and machine learning we're still in the very early stages of that."
For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
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Tech giant Amazon (AMZN) reported third-quarter earnings that beat analyst estimates this quarter, with operating income increasing more than 300% year-over-year. CFRA Analyst Arun Sundaram says that the results show that Amazon is "turning into a highly profitable and free cash flow-generating juggernaut." Pointing to the operating profit, Sundaram says "the best part is, that there's still a lot more efficiencies left to be unlocked for Amazon over the next, I would say, 3 to 5 years."
When it comes to Amazon Web Services (AWS), Sundaram says that although AWS saw flat growth this quarter, the fourth quarter looks more promising for growth based on new deals, that CEO Andy Jassy mentioned on the earnings call. However, when it comes to AWS losing market share to rivals like Microsoft (MSFT), Sundaram believes "it's way too early to tell" if that is happening.
"You can't just look at just the year-over-year growth rates and determine whether one is gaining market share at the expense of others," Sundaram tells Yahoo Finance, adding: "All these new opportunities in generative AI and machine learning we're still in the very early stages of that."
For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
Subscribe to Yahoo Finance: https://yhoo.it/2fGu5Bb
About Yahoo Finance:
At Yahoo Finance, you get free stock quotes, up-to-date news, portfolio management resources, international market data, social interaction and mortgage rates that help you manage your financial life.
Yahoo Finance Plus: With a subscription to Yahoo Finance Plus get the tools you need to invest with confidence. Discover new opportunities with expert research and investment ideas backed by technical and fundamental analysis. Optimize your trades with advanced portfolio insights, fundamental analysis, enhanced charting, and more.
To learn more about Yahoo Finance Plus please visit: https://yhoo.it/33jXYBp
Connect with Yahoo Finance:
Get the latest news: https://yhoo.it/2fGu5Bb
Find Yahoo Finance on Facebook: http://bit.ly/2A9u5Zq
Follow Yahoo Finance on Twitter: http://bit.ly/2LMgloP
Follow Yahoo Finance on Instagram: http://bit.ly/2LOpNYz
Follow Yahoo Finance Premium on Twitter: https://bit.ly/3hhcnmV
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