AWS Vs. Microsoft Vs. Google Cloud Q3 2022 Earnings Face-Off

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The a few major cloud suppliers in the environment —Amazon World-wide-web Solutions, Google and Microsoft—all not too long ago introduced their financial earnings for the quarter spanning from July to September.

These a few large engineering conglomerates have been foremost the world public cloud and cloud expert services industry for yrs now, while at the similar time battling each individual other for current market management.

Gartner is projecting that total end-consumer around the globe spending on general public cloud providers will strike a document $592 billion in 2023, which would signify a 21 % boost in contrast to $490 billion in 2022.

“Cloud migration is not stopping,” said Sid Nag, vice president and analyst at Gartner. “Cloud computing will continue on to be a bastion of basic safety and innovation, supporting advancement through uncertain times owing to its agile, elastic and scalable character.”

[Related: 50 Hottest Edge Hardware, Software And Services Companies In 2022]

AWS, Google Cloud, Microsoft Earnings

All a few firms ended quarters on Sept. 30, 2022.

It represented Amazon and Google’s third quarter 2022, though the a few months from July to September represented Microsoft’s first fiscal quarter 2023.

Amazon World-wide-web Products and services (AWS) is Amazon’s cloud business, led by CEO Adam Selipsky, while Google Cloud is Google’s flagship cloud team, run by CEO Thomas Kurian.

It is vital to be aware that Microsoft does not split out its cloud small business as a standalone enterprise team and has however to provides exact greenback figures for its flagship Azure cloud providing. Rather, Microsoft wraps Azure and other cloud expert services within the company’s “Intelligent Cloud” section.

Microsoft CEO Satya Nadella and Google CEO Sundar Pichai were being each bullish about the company’s potential in cloud computing for the duration of their earnings report with media and analysts previous thirty day period as the industry proceeds to develop. Amazon CEO Andy Jassy did not go to the Amazon’s new earnings report.

CRN breaks down AWS, Google Cloud and Microsoft’s cloud fiscal success all around complete profits, profits development, running income and all round around the globe cloud market share for 3rd quarter 2022, as very well as what each and every company’s leaders experienced to say about their cloud outcomes.