Scalper1 News
Google’s latest price cuts in cloud computing services don’t have the bite of its March reductions but will still pressure profit margins at bigger rival Amazon Web Services (AWS), says Citigroup. The investment bank’s earnings forecasts for e-commerce leader Amazon.com (AMZN) are below consensus views. “We believe the increased price competition at AWS has been the main contributor to the earnings disappointments and year-over-year margin decline Scalper1 News
Scalper1 News