Cloud News
Google Cloud Earnings Preview: 5 Big Things To Watch For In Q3
Mark Haranas
From operating losses and sales growth to hiring freezes, here are the five biggest things to watch for during Google and Google Cloud’s third quarter financial earnings tomorrow.
Will Sales Increase Exceed 40 Percent Year Over Year?
Google Cloud increased sales by 36 percent year over year during its second quarter 2022 by generating nearly $6.3 billion in sales.
For its first quarter 2022, the cloud unit’s revenue jumped 44 percent year over year by capturing $5.8 billion in total sales.
In fourth quarter 2021, Google Cloud revenues increase 45 percent year over year to more than $5.5 billion.
Google Cloud has been growing cloud revenues over the past year at a blistering pace.
What To Look For: If third quarter year-over-year sales at Google Cloud are above or below 40 percent growth. If sales growth exceeds 40 percent, it shows there’s little in Google Cloud’s way to win cloud market share ahead.
