Amazon's AWS Backlog Just Hit $496 Billion: Is the Stock a Screaming Buy Under $270?
AWS is Amazon's most important segment.
Overview
Looking at a company's backlog is a great way of understanding how much business it has coming. With Amazon's (NASDAQ: AMZN) cloud computing wing, Amazon Web Services (AWS), reaching $496 billion during the second quarter, it's safe to say a lot of revenue has yet to be recognized.
But how big a deal is this figure? The answer may surprise you.
Image source: The Motley Fool.
Details
Source
Originally published at www.fool.com.
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