article thumbnail

Alphabet pins hopes on Google Cloud as ad revenue growth declines

CIO

While overall revenue growth slowed to 6% in the quarter for Alphabet, Google Cloud grew 38% year-on-year to $6.9 I’ve long shared that cloud is a key priority for the company,” said Sundar Pichai, CEO at Alphabet, while addressing analysts on Tuesday, according to a transcript from Motley Fool. “The

article thumbnail

6 cloud trends to watch in 2022

TechCrunch

Josh Berman is president of C2C , an independent and vetted Google Cloud community with a unique pulse on the cloud market. This momentum is expected to pick up in 2022 and beyond. Reliance on cloud infrastructure will only continue to grow as organizations adjust to the hybrid work model. Josh Berman.

Trends 260
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Google Cloud growth slows as Alphabet net income plunges

CIO

Even though Google Cloud revenue growth showed signs of slowing, it nevertheless provided something of a bright spot as parent company Alphabet — hit hard by the tightening of customer budgets — posted a year-over-year decline in net income for its 2022 fourth quarter. It wasn’t all good news for the cloud business, however.

article thumbnail

Cloud infrastructure sales rise as Microsoft closes in on AWS

CIO

Fueled by enterprise demand for data analytics , machine learning , data center consolidation and cloud-native app developmen t, spending on cloud infrastructure services jumped 33% year on year to $62.3 Cloud providers build out infrastructure. billion in the second quarter, according to Canalys.

article thumbnail

Daily Crunch: News and updates from TechCrunch’s Meta Connect 2022 coverage

TechCrunch

Wishful thinking at best : Blue-chip VC firm Matrix Partners has long been an investor in software infrastructure Now, Connie reports, it has some questions about web3. We hope you are having a Meta and Google day so far, but if not, we think the following stories will get you in the mood. billion ForgeRock deal.

article thumbnail

Google opens second cloud region in Germany

CIO

Google has opened a second cloud region in Germany as part of its plan to invest $1.85 billion in German digital infrastructure by 2030. Other Google Cloud regions in Europe include locations such as Milan, Paris, Zurich, Warsaw, Madrid, Turin, Belgium, Finland, The Netherlands, and London.

Cloud 246
article thumbnail

AWS revenue growth stabilizes with a boost from generative AI-led services

CIO

The growth in the quarters before showed a constant decline, sliding from a robust 33% growth in the second quarter of 2022 to a mere 16% growth in the first quarter of 2023. Competitors are catching up fast with twice the revenue growth rate as AWS tries to defend its position as the largest public cloud provider.