Did Amazon Score a Big Win in the Cloud Computing Battle?

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Amazon.com may have landed a big win for itself, as unconfirmed reports coming from federal IT blog FCW are announcing that the CIA has agreed to a cloud computing agreement with Amazon, worth up to $600 million over the next 10 years. In the following video, Motley Fool consumer-goods analyst Blake Bos tells investors what this contract means in the broader perspective of Amazon's entire sales portfolio, what it means for Amazon in the cloud computing space as a whole, and who the competitors are here that could be a threat.

Everyone knows Amazon is the big bad wolf in the retail world right now, but at its sky-high valuation, most investors are worried it's the company's share price that will get knocked down instead of its competitors'. The Motley Fool's new premium report will tell you what's driving the company's growth, and fill you in on reasons to buy and reasons to sell Amazon. The report also has you covered with a full year of free analyst updates to keep you informed as the company's story changes, so click here now to read more.

The article Did Amazon Score a Big Win in the Cloud Computing Battle? originally appeared on Fool.com.

Blake Bos owns shares of Microsoft. The Motley Fool recommends Amazon.com and Google and owns shares of Amazon.com, Google, and Microsoft. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

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