Google Cloud hit $3.83bn in Q420 revenues – but breaks out the losses for the first time

Google Cloud has posted revenues of $3.83 billion (£2.8bn) for its most recent quarter - but lost more than $5bn for the year as the company met its promise of giving more details.

The figures for Google Cloud represent 6.7% of overall Alphabet revenues, which can be compared with AWS comprising almost a tenth of total Amazon revenues. Revenues saw an uptick of 46.6% year over year, and up 11% on the previous three months.

Yet Google Cloud is nowhere near a profitable...

3 February 2021 | Earnings

AWS reports record $12.7bn revenues for Q420 at growth of 28%

Amazon Web Services (AWS) posted record revenues of $12.742 billion (£9.35bn) for its most recent quarter, at an uptick of 28% year over year.

AWS comprised just under a tenth (9.93%) of overall Amazon revenue, which was another record; $125.6bn for Q420. Full year revenues for AWS were at $45.37bn.

The cloud infrastructure market leader broke the $10bn quarterly revenue mark for the fourth time. While AWS revenues in sheer numbers have grown sequentially over the past...

3 February 2021 | AWS

Microsoft secures $43.1bn Q2 revenues with Azure growth at 50%

Another quarter, another Microsoft cloudy earnings release which knocks it out of the park. The Redmond giant posted total revenue of $43.1 billion (£31.4bn) for the quarter, a year on year increase of 17%, while Azure growth was at 50%.

While specific Azure revenue figures remain elusive, the three primary buckets continued to see growth. Productivity and business processes hit $13.4bn at an increase of 13% year on year; intelligent cloud, which covers the majority of Azure, saw...

27 January 2021 | Earnings

Alibaba Cloud posts $2.2bn revenues as company says growth is still early

Alibaba Cloud has posted revenues of $2.2 billion (£1.67bn) for its most recent quarter - with group CEO Daniel Zhang saying the cloud business is still in an 'early stage of growth.'

The retail giant's cloud computing arm saw year on year growth of 60%, with the company adding its predominant growth was in customers from the internet, finance and retail industries.

Speaking to analysts following the announcement, Zhang noted the company's previous assertion, on...

9 November 2020 | Alibaba Cloud

Google Cloud hits $3.44bn in latest revenues – as more detail is promised for future quarters

Google Cloud has posted $3.44 billion (£2.62bn) in its third quarter revenues at a growth of 44% year over year - but future earnings releases will see more detail as the company looks to convince investors and prospects of its progress.

Total revenues for Alphabet were $46.17bn for the most recent quarter, up 14% from this time last year, with Google Cloud comprising 7.5% of all revenue generated. Google Cloud revenues were up 14% on the previous quarter, having broken the $3bn...

30 October 2020 | Earnings

AWS posts $11.6 billion revenues in record-breaking quarter, up 29% year on year

Amazon Web Services (AWS) secured revenues of $11.6 billion (£8.94bn) for its most recent quarter comprising 12% of Amazon's overall revenue and the largest in absolute figures ever posted.

AWS revenue for the third quarter was up 29% compared to the previous year, and up from $10.8bn for the previous quarter. For nine months' revenue, up to $32.6bn from $25.1bn, this represented a 30% uptick. Total Amazon revenues were at $96.1bn.

In terms of wider revenues, Amazon...

30 October 2020 | AWS

Microsoft sees strong growth in latest financials – as analyst puts Azure bigger than Windows for first time

Microsoft has reported revenues of $37.2 billion (£28.8bn) for its most recent quarter with Azure revenue growth at 48% - as one analyst argued Azure has overtaken Windows numbers for the first time.

The nuts and bolts of the earnings release did not differ from the norm. The headline for the earnings release, 'Microsoft Cloud Strength Fuels First Quarter Results', conforms to the usual template which this publication noted this time last year: 'Microsoft Cloud [noun] [verb]...

28 October 2020 | Earnings

Alibaba Cloud posts $1.75bn revenues at 59% yearly growth rate, cites Asia Pacific dominance

Alibaba Cloud has secured almost $1.75 billion (RMB 12,345bn) in revenues for its most recent quarter at a growth rate of 59% year over year.

The eCommerce giant, whose cloud division broke the $1.5bn mark in February, attributed the figures to increased contributions from its public and hybrid cloud businesses, reflecting higher average revenue per customer.

Total revenue for the wider company for the quarter ended June 30, 2020, was $21.76bn (RMB153,75bn) at an...

20 August 2020 | Alibaba Cloud

AWS beats $10bn in revenues again – albeit slowed growth – while Google Cloud breaks $3bn

Amazon Web Services (AWS) broke the $10 billion revenue mark again for its most recent quarter - albeit with slowed growth - while Google Cloud has seen a 43% year-over-year climb in an otherwise challenging quarter for Alphabet.

AWS recorded $10.8bn (£8.23bn) in revenues for Q220, an increase of just under 29% from this time last year and a rise of 5.8% from the previous quarter. Google Cloud, meanwhile, broke the $3bn mark at $3.01bn (£2.29bn). Total revenues for Amazon and...

31 July 2020 | AWS

Microsoft’s commercial cloud revenues break $50bn for first time – but Azure growth slips

Microsoft has reported revenues of $38 billion (£29.9bn) in its most recent quarter, a year over year increase of 13%, but Azure growth has dipped to 47% from 59%.

Azure went up 47% year over year - Microsoft does not give specific Azure figures, only a percentage increase - while commercial cloud revenue topped $50 billion for the year for the first time.

For Microsoft's three revenue buckets, intelligent cloud - which covers some Azure but with a wider focus on...

23 July 2020 | Earnings