Welcome to the Cloud Wars Minute — your daily news and commentary show, hosted by Cloud Wars Founder Bob Evans. Each episode provides insights and perspectives around the “reimagination machine” that is the Cloud.
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.
This Cloud Wars Minute is sponsored by Celonis, the market leader in process mining and execution management. The world’s top 2,000 process fanatics learned to fix process inefficiencies at Celosphere, the company’s annual conference, which was held November 9th and 10th in Munich, Germany. Sign up to watch the free virtual Celosphere 2022 stream here.
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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