Cloud News
AWS Vs. Microsoft Vs. Google Cloud Q3 2022 Earnings Face-Off
Mark Haranas
CRN breaks down total revenue, profits, sales growth and current market share standings from Google Cloud, AWS and Microsoft for third quarter 2022.
Operating Income
Microsoft: $9 Billion
AWS: $5.4 Billion
Google Cloud: $699 Million (Loss)
Operating income from Microsoft’s Intelligent Cloud segment reached approximately $9 billion during its first fiscal quarter 2023.
Microsoft’s $9 billion in operating income is up from $7.7 billion compared to its first quarter 2022.
AWS’ operating income reached $5.4 billion during the quarter, up from $4.9 billion in third quarter 2021.
Google Cloud has yet to generate a profit. The company’s operating income for the quarter was a loss of $699 million.
However, the third-quarter loss is less than the operating loss Google Cloud has witnessed in prior quarters this year. In second-quarter 2022, Google Cloud reported an operating loss of $858 million. In Google Cloud’s first-quarter 2022, the company had an operating loss of $931 million.
“We do continue to invest meaningfully in [Google Cloud],” said Google’s Chief Financial Officer Ruth Porat during the company’s earnings report last month. “We’re still focused very much so on the path to profitability and free cash flow strength here. But we are continuing to invest in the business.”
