1 Stat That Makes Amazon Hard to Ignore Right Now
The company's most exciting segment is firing on all cylinders.
Overview
As a massive enterprise with numerous segments, Amazon (NASDAQ: AMZN) provides investors with a lot of facts and figures they can use in the research process. But during the most recent quarter, one number stood out. Here's one stat that makes this Magnificent Seven stock hard to ignore right now.
Image source: The Motley Fool.
As of June 30, which was the end of the company's second quarter, Amazon Web Services (AWS) reported a massive customer backlog of $496 billion. This figure represented a notable increase from $364 billion just three months before. And it was up a triple-digit percentage from 12 months earlier.
Details
Source
Originally published at www.fool.com.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.