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...