Google’s cloud business, which includes infrastructure and software subscriptions, grew 35% in the third quarter from the previous quarter to $11.35 billion, up 29% from the second quarter. Thus, in terms of growth rates in the cloud computing segment, Google is ahead of its main and largest competitors: Amazon and Microsoft.

Google’s cloud business grew 35% in the third quarter
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The Amazon Web Services division, which remains the market leader, grew 19% to $27.45 billion and, although the company is approximately twice the size and revenue of Google Cloud, its growth is twice as slow, he emphasizes. CNBC.

For a long time, cloud technologies were a source of losses for Google, but that is no longer the case. Google’s cloud business posted operating margins of 17% in the third quarter, the first time the company turned a profit in that business last year.

At Amazon, the opposite is true: the company has always relied on AWS as its main source of income. AWS’s operating margin in the third quarter was 38%.

Microsoft, which ranked second in terms of growth, increased revenue from Azure and other clouds by 33% compared to the previous year. These figures indicate a slight slowdown in Azure’s growth rate in the current quarter. But the corporation is confident that the company will accelerate in the first quarter of 2025.

At the same time, all technology giants point out that demand for AI is growing faster than supply: “I think that today almost everyone has fewer opportunities than demand and, first of all, it is about chips, for which companies do not have enough supply. ” Amazon CEO quotes Andy Jassy CNBC.

Oracle, which ranks fourth among U.S. cloud infrastructure companies, is expected to report its quarterly results as early as December. In the second quarter, the company reported 45% growth to $2.2 billion.

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Author:

Ekaterina Alipova

Source: RB

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I am a professional journalist and content creator with extensive experience writing for news websites. I currently work as an author at Gadget Onus, where I specialize in covering hot news topics. My written pieces have been published on some of the biggest media outlets around the world, including The Guardian and BBC News.

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