Google Vs. Amazon Vs. Microsoft: Q1 Cloud Earnings Face-Off
CRN compares the cloud results of AWS, Google Cloud and Microsoft as the three companies each recently reported their Q1 2023 earnings.
Cloud Revenue Growth
Google Cloud: 28%
Google Cloud continues to grow revenue faster than its two larger competitors, AWS and Microsoft, by increasing sales 28 percent year over year during first quarter 2023. The company generated total sales of $7.45 billion in the quarter, up from $5.82 billion revenue in first quarter 2022.
Both AWS and Microsoft grew cloud revenue at approximately the same rate during the quarter at 16 percent growth year over year.
AWS’ total sales of $21.4 billion in first quarter 2023 represents a 16 percent increase year over year compared to $18.4 billion.
Microsoft’s Intelligent Cloud segment generated revenue of $22.1 billion, up 16 percent compared to $19 billion year over year. The software giant reported that server products and cloud services revenue increased 17 percent, driven by Azure and other cloud services revenue growth of 27 percent.