Google Cloud has seen it revenues rise nearly 54 percent in the second quarter on a rising tide of online consumer and business activity.
The third largest cloud computing provider, Google Cloud saw its revenue grow to $4.63 billion for the quarter ending June 30, from $3 billion in the same period last year.
“Our innovative products, focused go-to-market strategy and growing ecosystem are driving our momentum,” said Sundar Pichai, CEO, Alphabet and Google during the earnings call with financial analysts. “Organizations across industries are choosing Google Cloud as their platform for digital transformation, including SAP customers like PayPal, Johnson Controls and Whirlpool, who have deployed SAP environments on Google Cloud.”
Google Cloud’s operating loss dropped to $591 million in the second quarter, from $1.43 billion in the same quarter of 2020.
Alphabet started breaking out operating results for Google Cloud — which includes Google’s infrastructure and data analytics platforms, collaboration tools and other services for enterprise customers — when it reported its fourth-quarter 2020 revenue of $4.04 billion and a $974 million operating loss in February. Google Cloud revenue is generated primarily from fees received for Google Cloud Platform (GCP) services and Google Workspace collaboration tools.
