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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 b
by 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-...