Cloud is an ‘Instrument of Destruction,’ Says Needham

Tech Trader Daily
By Tiernan RayApr 29, 2016, 12:40 pm206 pts
Cloud computing is an “instrument of destruction,” writes analyst Richard Kugele of Needham & Co. today, reflecting on Amazon.com’s (AMZN) 64% growth in AWS revenue, reported yesterday with Amazon’s Q1 report. "AWS posted another exceptional quarter last night of $2.6B, up 64% y/y,” writes Kugele.…

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