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Yeah, that seems really high. $400m a year? They're 10% of Google's yearly cloud revenue on their own? That said it's definitely what the s-1 filing claims: "An
by bpicolo 10y ago
Yeah, that seems really high. $400m a year? They're 10% of Google's yearly cloud revenue on their own? That said it's definitely what the s-1 filing claims:
"Any transition of the cloud services currently provided by Google Cloud to another cloud provider would be difficult to implement and will cause us to incur significant time and expense. We have committed to spend $2 billion with Google Cloud over the next five years and have built our software and computer systems to use computing, storage capabilities, bandwidth, and other services provided by Google, some of which do not have an alternative in the market."
- siong1987 10y agoWhere do you get that 10% from? From the article... "Google doesn’t break out revenues from its cloud infrastructure, choosing to lump it in with other non-advertising businesses like hardware and Google Play sales. But that segment totaled $3.4 billion in sales in the most recent quarter." Assuming that all $3.4 billion is for cloud revenue last quarter, that is still less than 10% for last quarter ($400m/4 = $100m).
- bpicolo 10y agoHmm, might have been looking at q4 2015 which looked like 800 million a quarter. Still, a significant share either way yeah?