Microsoft, Google and others 'are making little or no impact' on Amazon's cloud dominance, according to an analysis of their quarterly earnings reports

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 27 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 51%

United States News News

United States United States Latest News,United States United States Headlines

Despite massive growth in the market and in double-digit growth by companies like Microsoft and Google, Amazon Web Services remains unstoppable.

Cloud market researcher Synergy is in the process of tallying the market share of the top vendors now that all of their Q1 earnings reports are in.The big news is that even though the market is growing incredibly rapidly for cloud vendors like Microsoft and Google, they aren't peeling share away from Amazon.Now that all of the major cloud computing vendors have published their first quarter results, cloud market researcher Synergy is tallying how each of them fared.

Amazon Web Services, however, does report cloud sales. Revenue grew 41% in Q1 to $7.7 billion, up from $5.44 billion a year earlier.Despite the secrecy with which some players treat their cloud revenue, market researcher John Dinsdale Synergy at Synergy Research Group has been tracking the market share of each of the major player's cloud businesses for years.

In Q1, the cloud market grew 42% from the same period of 2018, Dinsdale finds. That compares to full-year growth of 48% across all of 2018.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 729. in US
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

United States United States Latest News, United States United States Headlines

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

Google offshoot’s drone delivery business is cleared for takeoff by FAAAn offshoot of Alphabet Inc.’s Google has become the first drone operator to receive government approval as an airline, an important step that gives it the legal authority to begin dropping products to customers. Consumerism, capitalism, the end of the world at its finest. one of the Rs is reduce can we reduce less, consumerism put your money in the community where it needs to be!! build housing for the actual unhoused ppl, not NEW people FUCKTHISSOCALLEDGOVERNMENT ulterial Ugh. I see many drones caught in power lines and trees in the near future.
Source: latimes - 🏆 11. / 82 Read more »