Microsoft Vs. AWS Vs. Google: Cloud Q2 Earnings Face-Off
Here are the second-quarter 2023 earnings results from AWS, Google and Microsoft, comparing sales growth, revenue, operating income and new worldwide cloud market-share data.
Google Cloud: 28 percent
Microsoft: 15 percent
AWS: 12 percent
Google Cloud’s just over $8 billion in revenue generated in second-quarter 2023 represented a year-over-year growth rate of 28 percent. This was the highest sales growth rate increase out of the three cloud companies. In first-quarter 2023, Google Cloud reported a similar 28 percent sales growth rate year over year on revenue of $7.45 billion.
It is key to note, again, that Microsoft doesn’t provider Azure sales figures by themselves. Azure revenue is counted as part of Microsoft’s Intelligent Cloud group. The company’s Intelligent Cloud group reported a 15 percent sales increase year over year on total sales of $24 billion for its fourth fiscal quarter 2023. During third-quarter 2023, Microsoft’s Intelligent Cloud group increased sales by 16 percent year over year.
AWS reported one of its lowest sales growth rates in the company’s history during second-quarter 2023. AWS’ $22.1 billion in sales represented 12 percent year-over-year sales growth. Comparatively, during AWS’ second-quarter 2022, the company increased sales by 33 percent year over year.