In this Cloud Wars Moment, Bob shares that Google Cloud has increased its growth rate by 2% in the third quarter, while the top two cloud providers, Microsoft and AWS, had a decline in their growth rates.
Highlights
00:35 — Google Cloud had a fantastic Q3, earning its place as one of three big hyperscalers, alongside Microsoft and AWS.
01:05 — Microsoft’s Q3 growth rate fell from 28% to 24%. AWS’s growth rate dropped from 33% to 27%. During the same quarter, Google Cloud’s growth rate jumped from 36% to 38%. As the top two cloud providers in the Cloud Wars Top 10 saw a decrease in their growth rate, Google Cloud saw an increase in revenue and a decrease in total losses.
02:06 — Sundar Pichai, CEO of Alphabet Inc., and Ruth Porat, CFO of Alphabet Inc., have emphasized Google Cloud’s momentum and will be continuing to invest significantly in the platform.
02:20 — Bob calls this Google Cloud’s “big moment,” as it’s a cloud provider that is doing unique things that offer value to customers and is seeing an increase in growth revenue despite its competition seeing a decline — something that is overall reflected in Google Cloud’s fortunes.
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