Cloud Sales Growth Rates

Google Cloud: 35 percent

AWS: 33 Percent

Microsoft Cloud: 28 Percent

AWS reported sales of $19.74 billion, representing an increase of 33 percent year over year compared to $14.8 billion in second quarter 2021.

Google Cloud total sales of $6.28 billion is an increase of 35 percent year over year compared to $4.63 billion in second quarter 2021.

Microsoft Cloud segment generated $25 billion in sale, up 28 percent year over year, compared to $21.8 billion in fourth quarter 2021. Microsoft said its Azure sales and other cloud services grew 40 percent year over year.

Executive Remarks:

“Q2 revenue grew to $6.3 billion, with momentum across Google Cloud Platform and Workspace,” Google’s CEO said. “We saw continued demand in all geographies. … We launched Google Public Sector in June, expanding our commitment to help U.S. government agencies and public institutions accelerate their digital transformations.”

Microsoft CEO Satya Nadella said organizations in every industry are continuing to choose Microsoft’s cloud to align their IT investments with demand.

“We are seeing larger and longer-term commitments and won a record number of $100 million-plus and $1 billion-plus deals this quarter,” said Nadella. “We have more data center regions than any other provider, and we will launch 10 regions over the next year.”

Amazon Chief Financial Officer Brian Olsavsky said the opportunity for AWS ahead is “huge.”

“It’s early days in the [cloud] adoption curve for companies and governments,” said Olsavsky. “We invest with that confidence in mind and customers have responded and we’re going to keep investing there.”