10 ms·

They said the costs are increasing due to the data centers they are building. Their revenues have been increasing at a steady tick and if you check their blog t

They said the costs are increasing due to the data centers they are building. Their revenues have been increasing at a steady tick and if you check their blog they seem to have a steady stream of new customers https://cloud.google.com/press-releases https://cloud.google.com/press-releases

mrweasel 6y ago
I was just under the impression that Google would utilize their existing infrastructure as Amazon did initially. If you have to build the whole thing upfront, it becomes a huge investment. The difference between AWS and GCP was contrasted pretty well by the Economist last week: Each year Google loses more money on GCP than Amazon has ever lost. If that's true, then Google can't really compete with AWS.
- bilal4hmed 6y ago
  Here is the Techcrunch article after the latest earnings "Google Cloud lost $5.6 billion in Google’s fiscal year 2020, which ended December 31. That’s on $13 billion of revenue" "On the one hand, losses are mounting, up from $4.3 billion in 2018 and $4.6 billion in 2019, but revenue is also seeing strong growth, up from $5.8 billion in 2018 and $8.9 billion in 2019. What we’re seeing here, more than anything else, is Google investing heavily in its cloud business" "includes all of its cloud infrastructure and platform services, as well as Google Workspace (which you probably still refer to as G Suite). And that’s exactly where Google is making a lot of investments right now. Data centers, after all, don’t come cheap, and Google Cloud launched four new regions in 2020 and started work on others. That’s on top of its investment in its core services and a number of acquisitions." https://techcrunch.com/2021/02/02/google-cloud-lost-5-6b-in-2020/ https://techcrunch.com/2021/02/02/google-cloud-lost-5-6b-in-...

10 ms·

They said the costs are increasing due to the data centers they are building. Their revenues have been increasing at a steady tick and if you check their blog t

by bilal4hmed 6y ago

mrweasel 6y ago
I was just under the impression that Google would utilize their existing infrastructure as Amazon did initially. If you have to build the whole thing upfront, it becomes a huge investment. The difference between AWS and GCP was contrasted pretty well by the Economist last week: Each year Google loses more money on GCP than Amazon has ever lost. If that's true, then Google can't really compete with AWS.
- bilal4hmed 6y ago
  Here is the Techcrunch article after the latest earnings "Google Cloud lost $5.6 billion in Google’s fiscal year 2020, which ended December 31. That’s on $13 billion of revenue" "On the one hand, losses are mounting, up from $4.3 billion in 2018 and $4.6 billion in 2019, but revenue is also seeing strong growth, up from $5.8 billion in 2018 and $8.9 billion in 2019. What we’re seeing here, more than anything else, is Google investing heavily in its cloud business" "includes all of its cloud infrastructure and platform services, as well as Google Workspace (which you probably still refer to as G Suite). And that’s exactly where Google is making a lot of investments right now. Data centers, after all, don’t come cheap, and Google Cloud launched four new regions in 2020 and started work on others. That’s on top of its investment in its core services and a number of acquisitions." https://techcrunch.com/2021/02/02/google-cloud-lost-5-6b-in-2020/ https://techcrunch.com/2021/02/02/google-cloud-lost-5-6b-in-...