4 ms·
> Ciauri quit his post at Salesforce in September 2019 after 10 years as executive veep president and GM EMEA, and set about trying to build a regional team to
by mikeiz404 5y ago
> Ciauri quit his post at Salesforce in September 2019 after 10 years as executive veep president and GM EMEA, and set about trying to build a regional team to lead Google's Workplace and Cloud Platform business where it's playing catch-up with AWS and Microsoft.
…
> Google Cloud reported an operating loss of $5.6bn in 2020, compared to an operating loss of $4.645bn in the prior year. The company did not publish the regional breakdown. In its 10K SEC filing [PDF] for the annual results, Google states:
> "The increase in operating loss in both periods was driven by an increase in total expenses of $5,103 million from 2019 to 2020…Operating expenses increased primarily due to compensation expenses (including SBC), largely driven by an increase in headcount. Additionally, data center and other operating costs increased in both periods."
This is about a 21%, or $955mn, increase in operating expenses from 2019 to 2020 with Chris Ciauri in charge during most of that time.
> …total revenue at Google Cloud grew 46.4 per cent year-on-year to $13.059bn.
If that $955mn operating expense is responsible for the $13.059bn revenue increase then each $1 increase in operating expense, assuming a linear relation, is responsible for $13.67 in increased revenue.