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- Google Cloud has hit a $10 billion annual revenue run rate, Google said Monday as its parent company Alphabet reported fourth quarter fiscal 2019 results. The growth in Cloud, up 53 percent year-over-year, was driven by significant growth in the Google Cloud Platform (GCP).
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Feb 3, 2020 · Google Cloud has hit a $10 billion annual revenue run rate, Google said Monday as its parent company Alphabet reported fourth quarter fiscal 2019 results. The growth in Cloud, up 53...
Google Cloud reached an annual revenue run rate of over $8 billion, Google announced Thursday after announcing its quarterly earnings. Annual run rate is a measure of how much revenue the...
Feb 4, 2020 · For the first time, the company more specifically broke out YouTube and Google Cloud’s revenues, which gives us better insights into the growth of the overall ad business and how much...
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News
By Anthony Spadafora
published 4 February 2020
Google Cloud brought in $2.61bn in revenue during Q4
(Image credit: Google Cloud)
Alphabet has reported its fourth-quarter and full-year financial results revealing that the company's revenue grew from $39.3bn in 2018 to $46.1bn in 2019. At the same time, the company's net income also expanded from $8.9bn to $10.7bn over the same time period.
Alphabet announced that Google Cloud brought in $2.6bn and this figure includes the company's enterprise productivity suite, G Suite as well as Google's cloud infrastructure revenue. Last year, the company's cloud revenue came to $1.71bn during Q4.
Back in 2018, Google Cloud's former CEO Diane Greene was proud to report $1bn in quarterly revenue for the group. After Greene stepped down last year though, former Oracle executive Thomas Kurian took over and he brought several industry veterans from Oracle and SAP along with him in an effort to help sell Google Cloud to the enterprise.
As for Alphabet's competitors in the cloud space, Amazon's cloud revenue came in at just under $10bn for the quarter while Microsoft reported a combined cloud revenue, which includes its SaaS products such as Office 365 and Dynamics along with its cloud computing division, of $12.5bn for the quarter.
Google Cloud certainly still has some catching up to do but its recent financial results show that the company is making progress towards that goal.
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Via TechCrunch
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Jan 30, 2024 · Google Cloud delivered fourth quarter operating income of $864 million on revenue of $9.2 billion, up from $7.3 billion a year ago. Wall Street was expecting Google Cloud revenue of $8.94 billion. Alphabet, the parent company of Google, reported fourth quarter net income of $20.69 billion, or $1.64 a share, on revenue of $86.3 billion, up 13% ...
Jul 30, 2020 · For Q2 2020, Google Cloud -- which includes Google Cloud Platform (GCP) and G Suite -- brought in $3.007 billion, up 43% from $2.1 billion a year prior and $2.77 billion the previous...
Feb 4, 2020 · Google brought in $8.9 billion in cloud revenue in 2019, a 53 percent spike from the prior year. In 2018, cloud revenue was $5.8 billion, and it grew 44 percent over the $4 billion the...