Google continues to rely heavily on Google Cloud, and as revenue growth accelerates, so do losses. For the first time today Google disclosed Operating profit for the Google Cloud division in today’s quarterly results. Google Cloud lost $ 5.6 billion in Google’s 2020 fiscal year, which ended December 31. This corresponds to a turnover of 13 billion US dollars.

While this may look a bit awful at first (cloud computing should be pretty profitable after all), there are different ways of looking at it. On the one hand, the losses increase from 4.3 billion US dollars in 2018 to 4.6 billion US dollars in 2019, but sales are also growing rapidly from 5.8 billion US dollars in 2018 to 8.9 billion US dollars Dollars in 2019. What we see here, more than anything else, Google is investing heavily in its cloud business.

Google’s cloud unit, led by CEO Thomas Kurian, includes all cloud infrastructure and platform services as well as Google Workspace (which you …



Source link

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.