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.
The three largest cloud companies on the planet—Amazon Web Services, Google Cloud and Microsoft—have now all reported their quarterly financial earnings for the second quarter of 2023. The three tech giants generated a total of roughly $54 billion in cloud sales combined during the second quarter.
AWS reported its slowest sales growth rate in years, while Google Cloud generated its highest operating income in its history.
“Our AWS growth stabilized as customers started shifting from cost optimization to new workload deployment,” said Amazon CEO Andy Jassy during the company’s second-quarter 2023 earnings report Thursday.
Combined, AWS, Google and Microsoft own 65 percent of the worldwide cloud services market in second-quarter 2023, according to brand- new cloud market-share numbers from Synergy Research Group.
CRN provides a side-by-side comparison of each company’s: total revenue, operating income, sales growth rates, parent company results and new second-quarter cloud market-share standings.
AWS, Microsoft And Google’s Q2 2023 Cloud Market Share
Before jumping into Google, Microsoft and AWS’ earnings and market-share data, it is key to note that the entire cloud infrastructure services market increased by $10 billion in second-quarter 2023 year over year.
Worldwide spending on enterprise cloud infrastructure services reached nearly $65 billion in the second quarter, representing a growth rate of 18 percent, or $10 billion year over year. Although the current economic climate has affected growth in cloud spending, Synergy Research Group said the market continues to expand at a healthy rate despite short-term challenges.
“We remain focused on leading the new AI platform shift, helping customers use the Microsoft Cloud to get the most value out of their digital spend and driving operating leverage,” said Microsoft Chairman and CEO Satya Nadella during his company’s quarterly earnings report last week.
Google and Amazon unveiled their Q2 2023 earnings results, which ended June 20, 2023. In the same three-month span, it represented Microsoft’s fourth fiscal quarter 2023.
CRN breaks down the five biggest revenue, income, growth and new market-share numbers that every AWS, Microsoft and Google Cloud partner, customer and investor should know.