Operating Income

Microsoft: $9.5 Billion

AWS: $5.1 Billion

Google Cloud: $191 Million

Microsoft’s Intelligent Cloud unit reported operating income of nearly $9.5 billion during the first quarter of 2023, up from $8.4 billion year over year.

AWS trailed Microsoft by generating $5.1 billion in operating income in Q1 2023, representing a decline compared to $6.5 billion in operating income in Q1 2022.

After years of generating an operating loss, for the first time in its history, Google Cloud turned a profit during the first quarter of 2023. Google Cloud generated operating income of $191 million in the quarter, compared to an operating net loss of $931 million year over year.

For its entire fiscal year 2022, Google Cloud reported an operating loss of nearly $3 billion. This is a massive turn from Google Cloud operating at a loss for years to generating profitability in 2023.