Data shows that cloud spending at Amazon, Microsoft and Google fell in April

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  • Spending on the cloud platforms of Amazon, Microsoft and Google fell in April compared to a year ago.
  • The slowdown comes amid the market downturn that has forced some companies to cut costs.
  • Insiders say cloud costs are even higher than last year, and customers are locked into contracts.

According to new data from New York-based research firm YipitData, corporate spending on the cloud platforms of Amazon, Microsoft and Google fell in April compared to spending at the same time last year.

Amid fears of an imminent economic crisis


recession

, Cloud computing costs — which can run into thousands for some businesses and millions for clients like Airbnb or Snapchat — are under scrutiny. Even cryptocurrency…



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