Why has Wall Street stored its consensus “overweight” ranking on Amazon despite the company’s lackluster success more than the previous couple quarters? To describe, we only will need a few letters: AWS.

Amazon Net Companies is the only a single of Amazon’s segments that truly surpassed analysts’ projections this past quarter. The cloud arm generated $18.44 billion in income throughout Q1, a healthier $100 million above the consensus expectation of $18.27 billion. In this article is why we are thrilled about AWS’ – and Amazon’s – long term.