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COMING UP:Share Opener Variant 4

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Transcript

00:00:01
>> Walmart's Cloud network may finally be making some rain. The world's largest brick and mortar retailer posted its strongest quarterly growth since 2009, thanks to a 50% jump in online sales in the third quarter. Fueling it, nearly half a decade and millions of dollars of investments into six giant server farms, each of them larger than 10 football fields, says Reuters correspondent, Nandita Bose.
00:00:26
>> So the Cloud essentially helps Walmart store data on customer purchasing behavior, right? At pricing, inventory, a lot of core retail processes. That were earlier stored on different servers around the company can all now be consolidated, brought together under these huge server forms and can be crunched together.
00:00:51
>> In a sense, Walmart is taking a page from the Amazon playbook, using the data to quickly adjust pricing and tweak offerings, Despite the fast growth, Walmart is still light years behind Amazon with less than 4% of US online retail market share. Amazon has over 40% of that pie.
00:01:08
But Amazon isn't just using its own cloud business called Amazon Web Services, or AWS, to crunch data for its own retail business. Posting other businesses on the AWS Cloud has become one of Amazon's fastest growing businesses and is bringing in big money.>> What Walmart investors want Walmart to do now is find a way to monetize the platform, cuz Walmart is investing millions of dollars into this business without a clear way to make money on it.
00:01:35
>> Investors are so far giving Walmart's Cloud strategy a thumbs up, and the stock has outpaced the overall market rise in the past year and defied a sagging retail sector. But now that's in the Cloud business, the battlefront with Amazon has expanded, and investors will be watching whether Walmart can take back some old ground and claim some new territory as well.
00:01:57
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