- Alphabet has poured billions into improving Google Cloud as it continues to keep up with AWS and Microsoft Azure
- Google Cloud first reported on its finances
The past year was a record for investments in cloud computingand is becoming one of the fastest growing segments of IT spending. While revenue for the Big 3 of cloud computing grew, spending on Google Cloud also piled up as the company tried to bridge the gap between AWS leaders.
In the first results report for its cloud arm consisting of Google Cloud Platform and Google WorkspaceGoogle revealed a In 2020 alone there was a staggering loss of $ 5.6 billion while sales were $ 3.84 billion.
Compared, Amazon Web Services (AWS) Had 2020 sales of $ 43.4 billion and profits of $ 13.5 billion.
Google Cloud’s full year revenue is growing 46% faster than AWS’s 30%, and it’s also worth noting that Alphabet Inc does not …