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Repurchase Form PDF Hermes Asset Management

Repurchase Form PDF Hermes Asset Management

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coming in to this earnings season for the rest of the market expectations were quite conservative we had seen um a lot of the numbers slashed that was the opposite for a lot of these tech numbers the expectations were quite high and actually they've hit it out the park across a lot of these numbers and particularly on um amazon where we see the ongoing profitability continuing to ramp up um so actually we've seen some of the strongest kind of gross profits um ever coming from the company and we expect that to continue um through the next year as you know they continue to see the stimulus continuing to have an impact as well as some of that rebound coming through there is um with amazon i think a couple of issues that the market has some sensitivity to one is to what extent the business has benefited from the working from home trend both on the uh the retailing side and in its cloud business does that represent a cliff edge going forward you suggest not but there are tho

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