On Thursday, Google Cloud announced it reached an annual revenue run rate of over $8 billion. Alphabet CFO Ruth Porat says Google Cloud is the company's third largest driver of revenue growth. Google Cloud also plans to triple its salesforce over the next few years, the company said. Visit Business Insider's homepage for more stories. Google Cloud reached an annual revenue run rate of over $8 billion, Google announced Thursday after announcing its quarterly earnings.
On Thursday, Google Cloud announced it reached an annual revenue run rate of over $8 billion. Alphabet CFO Ruth Porat says Google Cloud is the company's third largest driver of revenue growth. Google Cloud also plans to triple its salesforce over the next few years, the company said. Visit Business Insider's homepage for more stories. Google Cloud reached an annual revenue run rate of over $8 billion, Google announced Thursday after announcing its quarterly earnings.
Cloud computing is not cheap, and lack of IT team on premises can hurt the bottomline quickly; as 'customer support' is also paid. In an hour of moderate perpetual web traffic, any company can pay dearly for very little value, depending on the tier of cloud service they selected.
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