{"id":14147,"date":"2019-02-05T23:39:59","date_gmt":"2019-02-05T23:39:59","guid":{"rendered":"https:\/\/rsoftsolution.com\/blog\/googles-still-not-sharing-cloud-revenue.html"},"modified":"2019-02-05T23:39:59","modified_gmt":"2019-02-05T23:39:59","slug":"googles-still-not-sharing-cloud-revenue","status":"publish","type":"post","link":"https:\/\/www.rbsitsoftwaresolution.in\/blog\/googles-still-not-sharing-cloud-revenue.html","title":{"rendered":"Google\u2019s still not sharing cloud revenue"},"content":{"rendered":"

Google<\/a> has shared its cloud revenue exactly once over the last several years. Silence tends to lead to speculation to fill the information vacuum. Luckily there are some analyst firms who try to fill the void, and it looks like Google\u2019s cloud business is actually trending in the right direction, even if they aren\u2019t willing to tell us an exact number.<\/p>\n

When Google last reported its cloud revenue, last year about this time<\/a>, they indicated they had earned $1 billion in revenue for the quarter, which included Google Cloud Platform and G Suite combined. Diane Greene, who was head of Google Cloud at the time, called it an \u201celite business.\u201d but in reality it was pretty small potatoes compared to Microsoft\u2019s and Amazon\u2019s cloud numbers, which were pulling in $4-$5 billion a quarter between them at the time. Google was looking at a $4 billion run rate for the entire year.<\/p>\n

Google apparently didn\u2019t like the reaction it got from that disclosure so it stopped talking about cloud revenue. Yesterday when Google\u2019s parent company, Alphabet<\/a>, issued its quarterly earnings report, to nobody\u2019s surprise, it failed to report cloud revenue yet again, at least not directly.<\/p>\n

\n

Google\u2019s Diane Greene says billion-dollar cloud revenue already puts them in elite company<\/a><\/p>\n<\/blockquote>\n

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Google CEO Sundar Pichai gave some hints, but never revealed an exact number. Instead he talked in vague terms calling Google Cloud \u201ca fast-growing multibillion-dollar business.\u201d The only time he came close to talking about actual revenue was when he said, \u201cLast year, we more than doubled both the number of Google Cloud Platform <\/a> deals over $1 million as well as the number of multiyear contracts signed. We also ended the year with another milestone, passing 5 million paying customers for our cloud collaboration and productivity solution, G Suite.\u201d<\/p>\n

OK, it\u2019s not an actual dollar figure, but it\u2019s a sense that the company is actually moving the needle in the cloud business. A bit later in the call, CFO Ruth Porat <\/a> threw in this cloud revenue nugget. \u201cWe are also seeing a really nice uptick in the number of deals that are greater than $100 million and really pleased with the success and penetration there. At this point, not updating further.\u201d She is not updating further. Got it.<\/p>\n

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Former Oracle exec Thomas Kurian to replace Diane Greene as head of Google Cloud<\/a><\/p>\n<\/blockquote>\n

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That brings us to a company that guessed for us, Canalys. While the firm didn\u2019t share its methodology, it did come up with a figure of $2.2 billion<\/a> for the quarter. Given that the company is closing larger deals and was at a billion last year, this figure feels like it\u2019s probably in the right ballpark, but of course it\u2019s not from the horse\u2019s mouth, so we can\u2019t know for certain.<\/p>\n

\"\"<\/p>\n

Frankly, I\u2019m a little baffled why Alphabet\u2019s shareholders actually let the company get away with this complete lack of transparency. It seems like people would want to know exactly what they are making on that crucial part of the business, wouldn\u2019t you? As a cloud market watcher, I know I would. So we\u2019re left to companies like Canalys to fill in the blanks, but it\u2019s certainly not as satisfying as Google actually telling us. Maybe next quarter.<\/p>\n

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Google in the cloud<\/a><\/p>\n<\/blockquote>\n

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Article source: http:\/\/feedproxy.google.com\/~r\/techcrunchIt\/~3\/Jy4GAA87uCc\/<\/p>","protected":false},"excerpt":{"rendered":"

Google has shared its cloud revenue exactly once over the last several years. Silence tends to lead to speculation to fill the information vacuum. Luckily there are some analyst firms <\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[19],"tags":[25],"class_list":["post-14147","post","type-post","status-publish","format-standard","hentry","category-enterprise-software","tag-enterprise"],"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t