Big 3 Public Cloud Providers Focus On What's Next
ITProToday, February 6th, 2023
With inflation and recession front and center for most organizations, how does the cloud fit in? AWS, Microsoft, and Google have a few ideas.
The Big Three public cloud providers have reported their first set of earnings for 2023, once again focused on the ongoing impact of inflation and economic uncertainty.
The three largest public cloud providers - Amazon Web Services (AWS), Microsoft Azure, and Google Cloud - reported earnings over the past couple of weeks, all showing varying degrees of optimism about future growth prospects. Microsoft was first out of the gate, reporting on Jan. 24 cloud revenue of $27.1 billion for a 22% year-over-year gain. Google's parent company Alphabet and Amazon both reported earnings on Feb. 2. For the quarter, Google Cloud reported revenue of $6.9 billion for a 38% gain. AWS reported cloud revenue of $20.5 billion, for a 33% year-over-year increase.