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Comment by maattdd | Hacker News Reader

Google Cloud revenue is only up 30% YoY, which seems really low considering the marketing and the focus on it (and the growth of the competitors).

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Not sure if this is really much different, but superficially it looks like its up ~45% (5.5 billion from 3.8)

To put that into perspective - if the rate continues for 4 years (doesn't seem that unbelievable) - revenue would be ~$24Bn - which is close to FB currently...

I am more surprised by having such stunning growth by many big tech without actually having any new businesses. It used to be that 10% growth was a lot and now people scoff at even 30%.

This is not 100% new business. It displaces existing one - on-premises, company owned datacenters and colocations. Just as electric cars are growing fast because they are eating into ICE market.

Anyone have handy YoY growth numbers for AWS and Azure?

AWS was 39% at their last report.

I don't know how many others think like I do, but I'd never use GCP. No one will ever convince me that it'll be around in 5 years. I just don't trust them to keep anything they made in the past decade or so going long term. Call me paranoid, call me whatever you want, but I just do not trust their ability to focus on anything anymore.

GCP is a profit center and diversifies the business, why would Alphabet deprecate it?

If at some point it hinders their main biz (ads) they will. Just like they did with rss

Ah, yes, everyone knows that Google killed their highly profitable product in Google Reader to push ads somehow.

According to top comment it loses money?

> Lost $890m this quarter compared to $1.2B Q4 2020

It's growing 45% per year. In 3 years - the profits of Cloud alone could be bigger than all but a few companies in the world.

Google will have stake in the game.

https://www.datacenterdynamics.com/en/news/google-to-migrate...

GCP is making 10-year sales deals, so it better be around in 5 years.

https://redmonk.com/jgovernor/2020/07/31/google-clouds-expan...

"GCP has recently announced a number of ten year transactions including wins at Deutsche Bank, Mayo Clinic, and Sabre."

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