AWS pulls in record $13.5bn revenues for Q121 at 32% growth

Another quarter, another record for Amazon Web Services (AWS). The cloud infrastructure leader has reported net sales of $13.50 billion (£9.68bn) for the first quarter at a growth rate of 32% year over year.

The results mean AWS has broken the eleven-figure number for the fifth consecutive quarter. It represents an uptick from the 28% y-o-y growth from the previous quarter, while AWS revenue as a proportion of total Amazon revenue, at 12.5%, is a little below the figure of...

30 April 2021 | AWS

Google Cloud hits $4 billion quarterly revenues at 46% yearly growth

Google Cloud broke $4 billion in quarterly revenues at a yearly uptick of 46% - but while losses crept towards the billion dollar mark, things are going in the right direction.

Total revenue for Google Cloud in Q121 was $4.05bn (£2.92bn), compared with $2.78bn for the first quarter of 2020. The company made a loss of $974m in the quarter, compared with $1.73bn this time last year, with this only the second quarter Alphabet broke out full operating income for Google Cloud in its...

28 April 2021 | Earnings

Microsoft posts 50% Azure growth again as ‘strategic’ cloud and industry deals emphasised

Microsoft has posted another quarter of 50% growth in Azure - with overall revenues slightly down on the previous quarter, at $41.7 billion (£30bn).

The company continues to keep specific revenue figures for Azure to itself, but all three of its primary buckets saw solid uptick. Intelligent Cloud, which covers a majority of Azure but not all of it, saw a year-on-year rise of 23% to $15.1bn, while Productivity and Business Processes rose 15% to $13.6bn.

Of the latter,...

28 April 2021 | Earnings

10 charts which will change your perspective of Microsoft Azure’s growth

Microsoft Azure revenue grew 50% year-over-year in fiscal Q2, 2021, contributing to a 26% increase in server products and cloud services revenue According to the latest earnings call, more than 1,000 Microsoft customers now use Azure Arc to simplify hybrid management and run Azure services across on-premises, multi-cloud and at the edge Commercial cloud gross margins increased to 71% in the latest quarter, up from 67% a year earlier There are now more than 60 Azure regions globally,...

1 March 2021 | Earnings

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