Feb 3, 2021 - Economy & Business

Charted: How Google Cloud stacks up to AWS

Data: Company filings; Chart: Andrew Witherspoon/Axios
Data: Company filings; Chart: Andrew Witherspoon/Axios

Google has been spending heavily to win business away from Amazon Web Services, as evidenced by both companies' latest quarterly results, which were announced Tuesday.

The big picture: Google may be the leader in search, but when it comes to cloud services, it is still chasing after Amazon and Microsoft's Azure.

Between the lines: Google's revenue continues to grow, but so do its losses. Meanwhile, AWS continues to grow both the top and bottom line.

Consider this: It took 10 years for AWS to reach a $10 billion annual revenue run rate, a mark it reached in the first quarter of 2016.

  • Less than two years later, in the fourth quarter of 2017, AWS hit a $20 billion run rate.
  • It notched a $30 billion run rate just over a year after that, in Q1 2019, and then got to $40 billion by Q1 2020.
  • Now, per last night's fourth-quarter earnings report, it's already at a $50 billion run rate. And AWS' Q4 revenue wasn't far from the $13 billion that Google Cloud took in for all of 2020.

Yes, but: AWS' latest quarter did come in slightly below analysts' expectations for both revenue and profits.

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