Google Cloud's $8 billion annual revenue run rate
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.
“Q2 was another strong quarter for Google Cloud, which reached an annual revenue run rate of over $8 billion and continues to grow at a significant pace,” Pichai said. “Customers are choosing Google Cloud for a variety of reasons: reliability and uptime are critical. Retailers like Lowe’s are leveraging the cloud as one of the important tools to transform their customer experience and supply chain.”
Pichai also noted that customers want the flexibility to move to the cloud in their own way, something that some of Google’s competitors — and especially Microsoft — focused on before Google got to this point. With Anthos and other initiatives, the company is now catching up, though.
Unsurprisingly, Pichai also stressed Google’s role in pushing AI forward at a time when enterprises are starting to look at how they can make use of this technology.
source techcrunch
Industry: Cloud Computing
Latest Jobs
-
- Cyber Security Professional Services Lead | London | Immediate
- London
- N/A
-
Cyber Security Professional Services Lead London / Hybrid This role leads the delivery function for a cyber security professional services team, with ownership of utilisation, delivery quality, and team performance across multiple client programmes. You will drive billable utilisation, ensure projects are delivered on time and to standard, and manage resource planning across a complex portfolio. Acting as the escalation point for key engagements, you will also lead and develop a high-performing consulting team, maintaining strong client relationships and consistent delivery standards. Key responsibilities: Drive utilisation and delivery performance Ensure quality, on-time delivery across engagements Manage resource planning and capacity Act as escalation point for key programmes Lead and develop the consulting team Background: Currently leading a cyber or technology professional services function Recent track record improving utilisation and delivery outcomes Experience across multi-client, complex programmes Strong senior stakeholder engagement A hands-on leadership role with accountability for delivery, team performance, and commercial outcomes
-
- Cyber Security Sales | Enterprise | New Business | London
- City of London
- Uncapped OTE
-
Enterprise Account Executive | Cyber Security | UK London / UK (hybrid with client engagement) A scaling cyber security firm is hiring an Enterprise Account Executive to drive growth across large UK organisations. This role blends new business with ownership. You will open doors, create demand, and win enterprise accounts, then retain and grow those relationships into long-term, high-value partnerships. Targeting senior stakeholders at CISO, CIO, and board level, you will shape and close complex deals across cyber security, cloud, and transformation programmes. This is a strategic role. Fewer accounts, higher value, longer cycles. You are expected to build pipeline from scratch, with support around you but without reliance on inbound or marketing. A recent and consistent track record of achieving or exceeding sales targets is essential. This role requires someone currently performing at a high level in enterprise sales. UK-based, with remote working and client engagement as needed. Competitive base and uncapped earnings, with scope to build a meaningful enterprise portfolio.
-
- Cyber Security Sales | Financial Services | New Business | London
- England
- Uncapped OTE
-
New Business Lead | Cyber Security | Financial Services | London / UK UK Remote / London client travel A well-backed cyber security and technology firm is looking to hire a senior New Business Lead to drive UK growth, with a particular focus on Financial Services. This is a position for someone who knows how to open doors where others cannot. A role built around identifying opportunity, challenging incumbents, and converting that into long-term client relationships and revenue. You will own new logo acquisition across FS, working closely with leadership to shape go-to-market strategy and position across cyber security, cloud, and modernisation offerings. Full ownership of the sales lifecycle. Pipeline creation, deal strategy, negotiation, and close. The expectation is simple. Build momentum, win key accounts, and scale a function around you as revenue grows. Strong experience selling into Financial Services environments is key. Credibility at CISO, CIO, and board level matters. Remote-first, with London and client engagement as required. Competitive base, uncapped earnings, and genuine scope to build something meaningful. The successful sales person MUST have a recent history and current experinece of achieving / overachieving against sales target.