Google Cloud’s run rate is now over $8B

A man guards the entrance of the Google Cloud booth of the World Economic Forum (WEF) 2018 annual meeting on January 21, 2018 in Davos, eastern Switzerland. US President Donald Trump's participation at the World Economic Forum in Davos, Switzerland next week could be thrown into question now that the federal government has partially shut down over budget wrangling, the White House said December 20. / AFP PHOTO / Fabrice COFFRINI (Photo credit should read FABRICE COFFRINI/AFP/Getty Images)

It’s been a while since Google  last shared any fundamental financial data about its cloud business. In today’s earnings call, though, Google CEO Sundar Pichai, who recently installed former Oracle exec Thomas Kurian as the new head of Google Cloud, announced that this business unit now has an $8 billion annual revenue run rate. That’s up from the $4 billion the company reported in early 2018.

While Google often felt like an also-ran in the cloud wars, it’s clearly starting to make up some ground.

“Other cloud providers would have you believe that no one is using Google, which is not true,” Kurian told me when I talked to him earlier this year. Now he can put some numbers behind this claim.

To put that into perspective, AWS’s run rate topped $30 billion last quarter while Microsoft  Azure is somewhere around $11 billion, though concrete numbers are hard to come by.

[Read More]