Google Cloud making $1 billion per quarter
Google is generating revenues in excessive of $1 billion every quarter.
Google CEO Sundar Pichai made the figure public in a conference call with analysts and investors. Pichai also claimed that Google is now the fastest-growing cloud company in the world. As quoted on CNBC, Pichai bragged: “Google Cloud, which includes Google Cloud Platform and G Suite, has reached meaningful scale, and I'm excited to share today that it's already a billion dollar per quarter business. “In fact, we believe that Google Cloud Platform, based on publicly reported data for the 12 months ended December 2017, is the fastest-growing major public cloud provider in the world. “We are also increasingly doing larger, more strategic deals with customers. In fact, the number of deals worth over $1 million across all Cloud products more than tripled from 2016 to 2017.” GCP is the name for a wide range of cloud computing services Google provides and runs on its own infrastructure. And although Pichai is talking it up at the moment, it's still way behind cloud computing market leader Amazon, which is said to have made $5 billion with its cloud business in its most recent quarter. Amazon Web Services' cloud computing business is said to be larger than the next several companies combined – and they include the likes of IBM, Microsoft, Alibaba, and of course Google. Although there are many aspects to cloud computing, the one that probably most people think of is infrastructure-as-a-service. The idea of not having to build your own data centres or even have your own servers and IT departments has increasingly appealed to small and large companies alike over the past few years. This has resulted in steady growth for some cloud providers and fast growth for others. Google has integrated GCP with what used to be called Google Apps and Google Drive, but now is called G Suite. G Suite tends to be used by smaller businesses and individuals for file sharing and storing. It also has cloud-hosted applications such as a word processor – Google Docs, spreadsheet – Google Sheets, and presentation software – Google Slides. G Suite now has 4 million paying customers, said Pichai during the conference call. Despite Amazon's apparently unassailable lead in the cloud computing market, its competitors claim they can take more market share. GCP CEO Diane Greene claimed that many people are “grossly underestimating” Google's cloud business, and that she was “proud” of the excessive amounts of money the company is currently making. As reported on CNBC, Greene backed up Pichai's comments about GCP being a billion-dollar-per-quarter business, saying: “We just wanted to get it out because there was a lot of misinformation about our traction, and people sort of grossly underestimating it, and so we just thought we should make it clear how successful we are and how well we're doing, because it gives people confidence in the enterprise, it matters, and we're proud of it.”