AWS Vs. Microsoft Vs. Google Cloud Earnings Face-Off
The three largest cloud providers in the world all recently released their quarterly financial earnings results. CRN breaks down the key cloud numbers for AWS, Microsoft and Google Cloud.
Parent Company Revenue And Net Income
Amazon Revenue: $121.2 Billion
Amazon Net Income: $2 Billion Loss
Amazon generated $121.2 billion in total sales during its second quarter, representing 7 percent growth year over year.
However, the company overall reported a net loss of $2 billion in the second quarter, compared to generating $7.8 billion in net income during the same quarter one year ago.
“Despite continued inflationary pressures in fuel, energy, and transportation costs, we’re making progress on the more controllable costs we referenced last quarter, particularly improving the productivity of our fulfillment network,” said Amazon CEO Andy Jassy, in a statement. “We’re also seeing revenue accelerate as we continue to make Prime even better for members.”
Alphabet Revenue: $69.68 Billion
Alphabet Net Income: $16 Billion
Google Cloud’s parent company Alphabet reported total revenue of $69.68 billion, an increase of 13 percent year over year compared to $61.88 billion.
Alphabet’s net income was $16 billion, compared to $18.52 billion year over year.
“In the second quarter our performance was driven by Search and Cloud,” said Google’s CEO Pichai. “The investments we’ve made over the years in AI and computing are helping to make our services particularly valuable for consumers, and highly effective for businesses of all sizes. As we sharpen our focus, we’ll continue to invest responsibly in deep computer science for the long-term.”
Microsoft Revenue: $51.87 Billion
Microsoft Net Income: $16.74 Billion
Microsoft’s total revenue reached $51.87 billion in its fourth quarter, increasing 12 percent year over year compared to $46.15 billion.
Microsoft net income reported a net income of $16.74 billion, up 2 percent year over year compared to $16.46 billion.
“We will invest to take share and build new businesses in categories where we have long-term structural advantage,” Nadella said. “We are helping organizations digitize their customer experience, service, finance and supply chain functions as we continue to outgrow the market in every category.”