Both Microsoft and Google have issued strong quarterly benefits pushed by a balanced enhance in revenues of their respective cloud computing divisions.
Microsoft Cloud produced $20.seven billion in revenue for Q3 2021, which is an year on year enhance of 36%, pushed by a fifty% progress in Azure and other cloud expert services revenue.
“As the digital transformation and shift to hybrid work proceed, our cloud expert services are helping corporations collaborate and keep protected,” noticed Sundar Pichai, CEO of Alphabet and Google, although the very same retains genuine for Microsoft and Azure as properly.
In conditions of general revenues, Google described an profits of $65.1 billion in the quarter, when Microsoft clocked in $forty five.3 billion.
Both nevertheless credit rating the increased adoption of their respective cloud expert services as the driving drive behind the remarkable growths.
Although Pichai touted Google Cloud’s synthetic intelligence (AI), and info analytics prowess, Microsoft pinned the progress to the increased concentration on its cloud-centered expert services, which it refers to as the “intelligent cloud.”
Microsoft’s benefits showed that revenue in Smart Cloud was $seventeen billion, an enhance of 31%. The firm also registered an enhance of 23% in revenue of commercial Business office 365 subscriptions, when customer Microsoft 365 subscriptions increased to fifty four.1 million.
Google Cloud clubs revenues produced from the two Google Cloud System (GCP) expert services and Google Workspace collaboration instruments. However, SDXCentral notes that during an earnings phone, Alphabet CFO Ruth Porat mentioned GCP’s revenue “was yet again earlier mentioned cloud general, reflecting significant progress in the two infrastructure and system expert services,”