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Kind of crazy to see GCP only losing $480M in a quarter. I know that sounds ridiculous, but looks like it's on track to actually start posting a profit within
by CydeWeys 4y ago
Kind of crazy to see GCP only losing $480M in a quarter. I know that sounds ridiculous, but looks like it's on track to actually start posting a profit within a year? That's nice!
- onlyrealcuzzo 4y agoIf growth rates continue (~32% revenue, ~21% expenses): ($7,315B * 1.32^5) - ($7,795B * 1.21^5) = $9B profit per year (in 5 years). That's one of the top 150 profitable companies in the world - with a better growth rate than nearly all of the companies ahead of it...
- bushbaba 4y agoGoogle Cloud also includes Google Workplaces (Faka gSuite, faka Google Apps). That's a high profit area that might be masking GCP's losses. For all we know GCP's losses have remained the same with the growth from Google Workplaces hiding it.
- ROTMetro 4y agoWhat's your point? When I managed IT I would have considered those 'cloud apps' as opposed to onsite/self hosted, and paying for them would have come out of my OpEx not CapEx budgets. Are they not Cloud?
- ctvo 4y agoThe point is it paints them as a stronger competitor to AMZN and MSFT when the product categories are different, regardless of how customers do accounting.
- QuercusMax 4y agoIsn't it Google Workspace, not Workplace? I work for Google and I can't even keep it straight so I don't blame you.
- nickysielicki 4y agoSame playbook Microsoft uses, where Azure includes O365 subscriptions.
- scarface74 4y agoThis is not true. It comes under “Productivity and Business Processes” which is separate from “Intelligent Cloud” https://www.microsoft.com/en-us/Investor/earnings/FY-2023-Q2/press-release-webcast https://www.microsoft.com/en-us/Investor/earnings/FY-2023-Q2...