AWS Reports Stunning Revenue; Google Cloud, Not as Much
Public cloud continues to prove it’s a moneymaker.
For starters, Amazon Web Services on Thursday reported $17.78 billion in revenue. That marked almost 40% growth in the fourth quarter of 2021, despite multiple outages in those three months. Year over year, the numbers amount to a 39.5% increase and exceed the $17.37 billion analysts expected.
The day before, Google Cloud showed revenue of $5.5 billion. Notably, the division of Alphabet keeps running on significant operating losses. Those widened in the last quarter to $890 million as Google Cloud executives invest in multiple strategies and initiatives with a long-term eye to profitability.
And, last week, Microsoft said Azure revenue grew 46%. Microsoft doesn’t disclose Azure numbers in dollars.
