AWS, Microsoft, Google Continue to Invest in Cloud as AI Demand Grows | Windows

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So far in 2024, there has been no slowdown at all for the big three cloud computing giants as Amazon, Microsoft, and Google are all generating more money in the cloud than ever before.

The three cloud vendors recently reported earnings results, with all of them extending multiyear streaks of continued revenue growth. On April 25, both Google and Microsoft reported results. Google Cloud revenue came in at $9.57 billion in Alphabet’s first-quarter fiscal 2024 for a 28% year-over-year gain. Microsoft’s cloud revenue was $35.1 billion, up 23% year-over-year.

Rounding out the big three on April 30, Amazon Web Services (AWS) reported revenue of $25 billion, a 17% year-over-year gain.

Synergy Research Group

“There is much for cloud providers to be cheerful about, with the three market leaders all seeing their growth rates increase substantially over the last two quarters,” John Dinsdale, chief analyst at Synergy Research Group, commented. “Going forward, we forecast that there will continue to be strong annual growth, with the market…

Source www.itprotoday.com

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