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> Google Cloud boosted its operating profits to $395 million for the second quarter From https://www.geekwire.com/2023/google-cloud-posts-second-straight-profi
by cnj 3y ago
> Google Cloud boosted its operating profits to $395 million for the second quarter
From https://www.geekwire.com/2023/google-cloud-posts-second-straight-profitable-quarter-on-28-revenue-growth/ https://www.geekwire.com/2023/google-cloud-posts-second-stra...
Yes, Google has killed a lot of products... but none of those ever came anywhere close to turning such a profit!
- jedberg 3y agoGoogle includes the income from paid Gmail accounts in their cloud revenue. From all accounts, that is all of the profit and in fact it generates more profit that offsets the cloud losses.
- jsnell 3y agoDo you have a reference to some of those "all accounts"? Doesn't need to be all of them, just a couple of the most credible ones would be great.
- TwentyPosts 3y agoDo you have any evidence for this? Seems like a pretty severe accusation.
- zie 3y agoTo you and me, that's a lot of money, for Google's size that's really not a lot of money. The fact that it just became profitable certainly helps the beancounters decide to keep it around though.
- cflewis 3y agoBeing in Silicon Valley has warped my sense of money so much. When I read $300m, what I read is "when you factor in office costs & health care as well as salary/stock grants, an average FAANG software engineer must be ~$1m. That's only 300 employees!" It's a crazy way to think. Suddenly all prices that end with `m` and not `b` seem pointless.