It indicates business was pretty solid and far beyond expectations. I think it's going to be a volume-driven business going forward. It's a pretty impressive showing looking at numbers across the board.
More Quotes from Jeetil Patel:
At the same time, Amazon doesn't have to do any distribution or fulfillment or even take any inventory risk. It's a nice beneficial model.Jeetil Patel
The leaders are the ones to bet on at this point, but it might be a tough summer. I think we need to see a couple of players prove to investors that this is a sector that's worth taking a look at.
Jeetil Patel
That's the most important engine for growth. It's going to be through the service deals and growth within the existing service deals. It's also going to be through continued growth in the U.S. core business and international.
Jeetil Patel
The key question now remains whether the fee increases and improved growth rates are sustainable.
Jeetil Patel
My perspective is the customer base isn't as active as they've historically been. We haven't see a whole lot besides an e-mail service.
Jeetil Patel
Amazon has a very loyal customer base but if they the customers are unhappy with the e-mail, I'm sure they will let the company know about it.
Jeetil Patel
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Based on Topics: Business & Commerce QuotesBut while doing that I'd been following a variety of fields in science and technology, including the work in molecular biology, genetic engineering, and so forth.
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When I'm makin' lectures to these universities, I tell 'em I like that little building because when I run short a audience, if I can get three people in there I've got a good crowd.
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