In this Cloud Wars Minute, Bob elaborates on Q2 earnings from Google Cloud and Microsoft which suggest that AWS turn around its declining growth rates.
Highlights
00:40 — Given the strong Q2 results from Google Cloud and Microsoft, Bob suggests AWS is “under even more heat” to address its declining growth rate.
01:36 — Microsoft reported a 21% growth rate for its cloud business for Q2, for a total revenue of $30.3 billion. Google Cloud reported a 28% growth rate, for a total revenue of $8 billion.
02:20 — AWS has not yet released its Q2 earnings, but in Q1, it was up 16% to $21.4 billion.
03:21 — AWS’ growth rates for the last six quarters are 40%, 37%, 33%, 27%, 20%, and most recently, 16%. The declining growth rates have “leveled off” for Microsoft and Google Cloud.
04:34 — Bob predicts a 14% growth rate for AWS in Q2. AWS’ growth rate, coupled with the size of its business, would be phenomenal — except in the tech industry and cloud business specifically.
