5 ms·
Nice to finally see Cloud having reduced operating income while increasing revenue for the year.
by Crash0v3rid3 4y ago
Nice to finally see Cloud having reduced operating income while increasing revenue for the year.
- jeffbee 4y agoI suppose you meant reduced operating losses for Cloud.
- CydeWeys 4y agoKind of crazy to see GCP only losing $480M in a quarter. I know that sounds ridiculous, but looks like it's on track to actually start posting a profit within a year? That's nice!
- onlyrealcuzzo 4y agoIf growth rates continue (~32% revenue, ~21% expenses): ($7,315B * 1.32^5) - ($7,795B * 1.21^5) = $9B profit per year (in 5 years). That's one of the top 150 profitable companies in the world - with a better growth rate than nearly all of the companies ahead of it...
- bushbaba 4y agoGoogle Cloud also includes Google Workplaces (Faka gSuite, faka Google Apps). That's a high profit area that might be masking GCP's losses. For all we know GCP's losses have remained the same with the growth from Google Workplaces hiding it.
- ROTMetro 4y agoWhat's your point? When I managed IT I would have considered those 'cloud apps' as opposed to onsite/self hosted, and paying for them would have come out of my OpEx not CapEx budgets. Are they not Cloud?
- ctvo 4y agoThe point is it paints them as a stronger competitor to AMZN and MSFT when the product categories are different, regardless of how customers do accounting.
- QuercusMax 4y agoIsn't it Google Workspace, not Workplace? I work for Google and I can't even keep it straight so I don't blame you.
- nickysielicki 4y agoSame playbook Microsoft uses, where Azure includes O365 subscriptions.
- scarface74 4y agoThis is not true. It comes under “Productivity and Business Processes” which is separate from “Intelligent Cloud” https://www.microsoft.com/en-us/Investor/earnings/FY-2023-Q2/press-release-webcast https://www.microsoft.com/en-us/Investor/earnings/FY-2023-Q2...