Google earnings: Analysts say Google Cloud can take on AWS, Microsoft - Business Insider

in revenue. The same period of 2018 saw it rake in $1.7 billion, which means that Google Cloud's revenue grew 53% year-over-year. For the entire year, Google Cloud generated $8.9 billion in revenue, compared to $5.98 billion in 2018 – also a 53% increase.

In the interim, Wedbush Securities managing director Daniel Ives says that Google Cloud's first-ever financials are a promising sign that Thomas Kurian, who took over as CEO of the business a year ago, is on the right track. On the subject of building out, though, analysts note that Google Cloud has some investments to make along the way. First and foremost, Google Cloud's acquisition of data analytics company Looker has yet to close. Even then, though, Google Cloud has to live up to its goal of hiring the right people to chase its strategy.Wall Street's expectations on revenue, analysts are optimistic about Google Cloud's potential.

Australia Australia Latest News, Australia Australia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Alphabet shows YouTube, Google Cloud sales amid disappointing results - Business InsiderAlphabet disclosed YouTube and Google Cloud revenue for the first time. But the new details couldn't hide a disappointing report.
Source: BusinessInsider - 🏆 729. / 51 Read more »

Google Parent Posts Disappointing Earnings but Discloses New YouTube, Cloud DetailsAlphabet posted lower than expected revenue but pulled back the curtain on some of its operations outside of search, for the first time disclosing results in areas including YouTube and cloud computing. Yes, 43 billion in quarterly revenue is so awful. sarcasm We need an good alternative to YouTube badly! and Vimeo is not it, so far at least
Source: WSJ - 🏆 98. / 63 Read more »

Nvidia GeForce Now, Google Stadia comparison cloud gaming streaming - Business InsiderThe sheer number of games that work with GeForce Now already knocks Stadia out of the park, and there are other benefits, too. GoogleStadia
Source: BusinessInsider - 🏆 729. / 51 Read more »