Amazon's AWS Vs. Microsoft Azure Vs. Google Cloud: How The Cloud Race Stacked Up In Q3
Portfolio Pulse from Shanthi Rexaline
In Q3, Amazon's AWS reported revenue of $23.06 billion, marking a 12.28% YoY gain. Microsoft's Intelligent Cloud business fetched the company $24.3 billion in revenue, a 19% YoY growth. Alphabet reported Google Cloud Platform revenue growth of 22.47% to $8.41 billion. However, Alphabet's cloud business saw a sharp pullback in shares following the release of its earnings due to softer third-quarter cloud revenue.
October 29, 2023 | 1:53 pm
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POSITIVE IMPACT
Amazon's AWS reported a 12.28% YoY gain in Q3, contributing to a post-earnings spike in Amazon's stock.
The strong performance of Amazon's AWS in Q3, along with positive commentary from the CEO, has likely boosted investor confidence, leading to a positive impact on the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Microsoft's Intelligent Cloud business reported a 19% YoY growth in Q3, contributing to a positive impact on the stock.
The strong performance of Microsoft's Intelligent Cloud business in Q3, along with positive commentary from the CEO and CFO, has likely boosted investor confidence, leading to a positive impact on the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Alphabet's Google Cloud Platform reported a 22.47% YoY growth in Q3, but the softer third-quarter cloud revenue led to a sharp pullback in shares.
Despite the YoY growth reported by Alphabet's Google Cloud Platform in Q3, the softer revenue compared to expectations has likely dampened investor confidence, leading to a negative impact on the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Alphabet's Google Cloud Platform reported a 22.47% YoY growth in Q3, but the softer third-quarter cloud revenue led to a sharp pullback in shares.
Despite the YoY growth reported by Alphabet's Google Cloud Platform in Q3, the softer revenue compared to expectations has likely dampened investor confidence, leading to a negative impact on the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100