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Cloud Computing is Booming

posted by martyb on Saturday October 28 2017, @03:34PM   Printer-friendly
from the using-other-people's-computers dept.

takyon writes:

Amazon, Microsoft, and Google have all seen massive growth in their cloud computing businesses:

Amazon.com Inc, Microsoft Corp, Alphabet Corp's Google and Intel Corp are all putting their chips on the cloud computing business, and it is booming. All four companies posted stellar quarterly earnings on Thursday, showing the strength of the shift in corporate computing away from company-owned data centers and to the cloud.

Microsoft's Azure business nearly doubled, with year-over-year growth of 90 percent. The company does not break out revenue figures for Azure, but research firm Canalys estimates it generated $2 billion for Microsoft.

[...] Amazon Web Services is still delivering far more revenue than any of its peers. For the quarter, AWS raked in nearly $4.6 billion -- a year-over-year increase of 42 percent. AWS may have missed out on Costco, but the company secured deals with Hulu, Toyota Racing Development, and most notably, General Electric.

Google Cloud Platform landed deals with the likes of department store retailer Kohl's and payments processor PayPal. Like Microsoft, Alphabet does not break out revenue for Google Cloud Platform, but Canalys estimates the business generated $870 million in the quarter, up 76 percent year-over-year.

Also at NYT, BBC, and Seeking Alpha.

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  • (Score: 2) by Whoever on Saturday October 28 2017, @04:37PM (2 children)

    by Whoever (4524) on Saturday October 28 2017, @04:37PM (#588715) Journal

    https://www.cbsnews.com/pictures/richest-people-in-world-forbes/ [cbsnews.com]

    Take that, Bill Gates.

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  • (Score: 2) by takyon on Saturday October 28 2017, @04:41PM

    by takyon (881) <takyonNO@SPAMsoylentnews.org> on Saturday October 28 2017, @04:41PM (#588717) Journal

    Too bad his space company is shit compared to Musk's. 🚀🚀🚀💥 #RocketMan

    Well, at least BE-4 is looking more powerful than Raptor [arstechnica.com].

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  • (Score: 3, Insightful) by canopic jug on Saturday October 28 2017, @05:23PM

    by canopic jug (3949) Subscriber Badge on Saturday October 28 2017, @05:23PM (#588725) Journal

    Take that, Bill Gates.

    Does that valuation include all the money he has hamstered away in is so-called charitable foundation? He still has full access to and control over that money even if is no longer taxed. The sum available there increases by billions every year.

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