Cloud Computing Growth Accelerates: Amazon, Microsoft, Google Report Strong Financial Results
2026-10-30 19:52:11
According to CoinMeta, the growth of cloud computing is accelerating among large technology companies. The CEO of Amazon stated that AWS grew by 39.3% year-over-year, accelerating for the sixth consecutive quarter and achieving the fastest growth in nearly five years, with an order backlog of $578 billion, a year-over-year increase in triple digits and good diversification. Microsoft's Chief Financial Officer pointed out that Azure revenue exceeded expectations, growing by 48%, and despite the previously mentioned delays in third-party capacity, it was still driven by the monetization of enhanced CPU. Google's Chief Financial Officer said that cloud revenue grew by 103%, reaching $30.7 billion, mainly due to the strong growth of GCP, especially in the field of AI, including AI infrastructure and AI solutions, as well as core GCP.
Source:X
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