Google has long run a distant third behind Amazon and Microsoft in the cloud services business, but it finally seems to be catching some momentum, if the most recent quarter is an indicator of future trajectory.
During an earnings call with Wall Street analysts, Google CEO Sundar Pichai said that Google Cloud Platform continues to experience “impressive growth across products, sectors and geographies and increasingly with large enterprise customers in regulated sectors.”
To be more specific, Pichai said Google closed three times as many $ 500,000-plus deals in the most recent quarter as it did in the same time period last year. Of course, that is kind of pointless without knowing the exact number. And given Alphabet, Google’s parent company, reported overall revenue of $ 25.8 billion for the quarter, it’s likely a few drops in the bucket.