Alphabet’s Cloud Sales Surge
In the first quarter of 2023, Alphabet Inc. (NASDAQ: GOOG) reported revenue of $109.9 billion, marking a 22% increase from the previous year. Notably, its cloud sales reached $20 billion, showing a remarkable growth of 63% year-over-year. In comparison, Microsoft’s Azure grew by 40% and Amazon’s AWS by 28% during the same period.
Alphabet’s cloud backlog reached an impressive $460 billion, reflecting a quarterly increase of nearly 92%, indicating strong future momentum. This performance stands out amid a competitive landscape dominated by major players like Microsoft and Amazon, which together account for over 60% of the cloud computing market.
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