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SEATTLE - Amazon Web Services, Inc. (AWS), an Amazon.com, Inc. company (NASDAQ:AMZN), announced Tuesday the general availability of Amazon Elastic VMware Service (Amazon EVS), allowing customers to run VMware workloads on AWS without application re-platforming. The announcement comes as Amazon maintains its position as a prominent player in the Broadline Retail industry, with a market capitalization of $2.3 trillion and impressive revenue growth of 10.87% over the last twelve months. InvestingPro analysis shows the company maintains a strong financial health score, supported by sufficient cash flows to cover its interest payments.
The new service enables organizations to run VMware Cloud Foundation directly within their Amazon Virtual Private Cloud while using familiar VMware tools to manage their virtualization environment. Customers can utilize their existing VMware Cloud Foundation license portability when migrating to AWS.
Amazon EVS can be deployed through a step-by-step workflow in the AWS console, maintaining compatibility with customers’ preferred backup, recovery, and storage tools. The service also provides integration with AWS services including analytics, databases, and AI capabilities like Amazon Bedrock.
"Amazon Elastic VMware Service offers customers a straightforward way to bring their VMware workloads to AWS using the tools they know and trust," said Steven Jones, general manager of Commercial Applications at AWS, in a press release statement.
Organizations adopting the service include Aeromexico and Alcaldía de Cali, the municipal government of Colombia’s third-largest city. Alexander Mondragon, director of the Municipal Administrative Department of Information and Communication Technologies at Alcaldía de Cali, stated they migrated to AWS in three weeks while maintaining 75% of their workloads on VMware technology.
Customers have the option to self-manage their Amazon EVS environment or work with AWS Partner Network members experienced in managing VMware Cloud Foundation environments.
The service is currently available in six AWS regions: US East (Ohio), US East (N. Virginia), US West (Oregon), Europe (Dublin), Europe (Frankfurt), and Asia Pacific (Tokyo), with additional regions planned. Amazon’s strategic expansion reflects its robust financial position, with the stock delivering a 31.44% return over the past year. For detailed insights into Amazon’s growth trajectory and comprehensive financial analysis, including 12 additional ProTips, visit InvestingPro for exclusive research reports and expert commentary.
In other recent news, Amazon reported strong second-quarter earnings, with net sales reaching $167.7 billion, marking a 13.3% increase from the previous year. This figure surpassed analyst expectations, which were set at $162.2 billion. Additionally, Amazon’s operating income rose by 30.6% year-over-year to $19.2 billion, exceeding the consensus forecast of $17.0 billion. HSBC has reiterated its Buy rating on Amazon stock, maintaining a price target of $256.00, following these robust earnings results. In related developments, JMP Securities has reiterated its Market Outperform rating and a $285.00 price target on Amazon, highlighting significant advertising efficiency gains during the recent Prime Day event. According to a blog post by advertising technology company MNTN, average revenue per advertiser grew 20% year-over-year during this shopping event. Meanwhile, BofA Securities has reiterated its Buy rating and a $425.00 price target on Carvana, noting the potential benefits of the shift to online auto sales despite emerging competition from Amazon. These developments reflect ongoing positive trends and analyst confidence in both Amazon and Carvana.
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