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Amazon's Cloud Revenue Disclosure Is A Win For Investors And The Cloud Services Market

Amazon.com (NASDAQ:AMZN) gave investors a lot to cheer about during in latest earnings report, including EPS that came in at $0.28 above estimates. But perhaps more important than its sudden shift toward profitability was the announcement that Amazon would be breaking out its cloud revenue on future earnings reports. As the current market-leader in Platform-as-a-Service ((PaaS)) and Infrastructure-as-a-Service ((IaaS)) technology, Amazon's move could signal a long-awaited turning point in accurate, cloud-revenue disclosure among major tech…