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I do not understand this financial books and lingo enough to understand this correctly so have to ask "Is google cloud business gone really down as compared to
by disdi89 5y ago
I do not understand this financial books and lingo enough to understand this correctly so have to ask "Is google cloud business gone really down as compared to previous years? Am I reading this correctly?"
- Tenobrus 5y agoYou're misunderstanding, the numbers show 4990 million in 2021 vs 3444 million in 2020.
- disdi89 5y agoThanks for explaining.
- dragonwriter 5y agoNo. Google Cloud Revenue went up from $3.4 billion for Q3 2020 to $4.9 billion for Q3 2021 Google Cloud operating losses went down from $1.1 billion in Q3 2020 to $640 million in Q3 2021. (Though it looks like this change is almost exactly accounted for by a change in depreciation expense due to revised estimate of the useful life of servers.) So they are bringing in significantly more money through the front door with Cloud, though they are still losing money (either about the same or half as much, depending on how you look at it) on Cloud.
- dustintrex 5y agoThe server depreciation changes affect all of Google. GCP accounts for only a portion of Google's server usage.
- dragonwriter 5y ago> The server depreciation changes affect all of Google. Good point. Not sure why I miscontextualized that number.