Amazon Moves Its Cloud Service Focus From Startups Like Lyft to Big Enterprises Like Netflix And CapitalOne

"While AWS remains a key enabler within the startup community, powering Slack, Airbnb, Lyft and Pinterest among others, the messaging at this event was clearly targeted at sustaining momentum within large enterprises such as Johnson & Johnson, General Electric, CapitalOne, Shell, Netflix, Adobe and DowJones," wrote Pacific.

Related Link: Amazon's Web Services Conference Takeaways From Deutsche Bank

According to the analysts, AWS added a new data migration service for Teradata Corporation TDC and Oracle Corporation ORCL data warehouse environments and outlined best practices on hybrid cloud as a stepping stone into the public cloud.

The analysts believe cloud demand trends for AWS remain robust, taking into account the overall tone and conversations with third-party partners, and it is expected to add nearly $1 billion annually in each quarter this year.

At time of writing, Amazon was down 0.27 percent on the day, trading at $740.63.

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