Both Google and Amazon have reported strong growth from their cloud divisions in recent financial results.
Google’s parent company Alphabet said that its cloud division had helped drive revenues past Wall Street expectations.
Google increased its total revenue by 21% over the last year, earning $20.5bn (£15.6bn) overall. Other revenues – including cloud services – accounted for $2.2bn of the revenue, a 33% increase year-on-year.
AWS maintains position
Amazon, sharing its financial news on the same day as Google, reported that its Amazon Web Services (AWS) cloud division, has maintained its position as leader in the public cloud market. AWS revenue grew 58%, compared to a 31% rise in Amazon overall.
AWS revenue for the quarter hit $2.89bn, up from $1.82bn for the same quarter last year. This puts the division on track for the much-celebrated $10bn annual run rate.
“It’s been a busy few months for Amazon around the world, and particularly in India — where we launched a new AWS Region,” said Amazon boss Jeff Bezos, who is now the third richest man in the world.
AWS has enjoyed a number of sizeable contract wins in the past few months, including signing up Salesforce as a customer. Amazon cloud’s UK region is still on track to launch early next year.
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