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Amazon (AMZN) Fully Powers Netflix (NFLX)

The whole of Netflix, Inc. (NASDAQ:NFLX) runs on Amazon.com, Inc. (NASDAQ:AMZN)’s Amazon Web Services (AWS) because the streaming company trusts its infrastructure to the web and electronic commerce giant, Amazon’s Chief Technology Officer, Werner Vogels, told Cory Johnson on Bloomberg West.

The comment from the Amazon.com, Inc. (NASDAQ:AMZN) executive came as he and Johnson were discussing new technologies released by the company and how these technologies power the likes of NASA and Netflix, Inc. (NASDAQ:NFLX).

“Netflix, Inc. (NASDAQ:NFLX) runs 100% on AWS and they do that because they don’t want to worry about infrastructure. They want to worry about building the absolute best streaming service. They want to focus their engineers for that and they make use of our platform to reach their global audience,” Vogels said.

Netflix, Inc. (NASDAQ:NFLX) has transitioned from being a service that delivered DVDs of movies and shows to a content streaming service. It has also began to develop a venerable lineup of its own shows.

Amazon, is AMZN a good stock to buy, is NFLX a good stock to buy, Netflix,

Meanwhile, Vogels also talked about how Amazon.com, Inc. (NASDAQ:AMZN)’s new technologies like AWS Lambda will revolutionize information technology for other company. AWS Lambda enables developers to write code without worrying about the infrastructure that will support this code as the platform will adapt the code to existing Amazon infrastructure, the executive said.

He shared optimism about AWS as he said Amazon.com, Inc. (NASDAQ:AMZN) envisions a lot more customers for this division. AWS, he noted, is in essence working to eliminate information technology as a differentiator in some aspects of every industry because companies can trust their information technology backend to AWS.

Vogels noted that information technology is very important to every competitive company now as agility and fields such as analytics are very important to these companies making business decisions.

 By June 30, John Griffin’s Blue Ridge Capital reported owning 810,000 shares in Amazon.com, Inc. (NASDAQ:AMZN). Also by the end of the first half, Carl Icahn’s Icahn Capital Lp reported ownership of about 1.76 million Netflix, Inc. (NASDAQ:NFLX) shares.

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