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I was about to correct you about GCP profitability, but I just looked it up, and TIL that GCP became profitable for the first time in 2023 Q2. Interesting.
by chatmasta 3y ago
I was about to correct you about GCP profitability, but I just looked it up, and TIL that GCP became profitable for the first time in 2023 Q2. Interesting.
- hot_gril 3y agoAnd before, it might've been in that "profitable if we want it to be" situation where they're just reinvesting the revenue.
- wavemode 3y agoWhich is precisely why profit is a red herring. What matters is market share (which for GCP is still 10%, not amazing but gradually increasing) and, ultimately, revenue growth.
- hot_gril 3y agoYes, they don't need profits from Cloud yet. They do need it to be a viable business when growth slows eventually, though.