It was recently reported that Google had a slow growth in the first quarter of 2022 although Cloud remains important.
Indeed, Google parent Alphabet has suffered a $1.5bn drop in net income in Q1 2022, which is 11% down from the year before. Yet, the company was able to grow its Google Cloud business by 44% to $5.8bn during the quarter, which represented a $1.8bn increase compared to last year.
Google Cloud has had significant growth in deal volume and strengths across various industries and regions in the first quarter of the year, showing that more and more people are choosing the platform to transform their businesses. Besides, the platform witnessed a lot of product innovation in key areas such as data, analytics, and cybersecurity.
However, it would seem that Google Cloud Platform remains well behind Microsoft Azure and Amazon Web Services’ (AWS) market share, as AWS had 33% of the cloud infrastructure market and Azure 22%.
