Amazon's AWS Vs. Microsoft's Azure Vs. Google Cloud: Which Company Won The Cloud Race In Q4?
Portfolio Pulse from Shanthi Rexaline
In Q4, Amazon's AWS led in cloud revenue with $24.20 billion, a 13% year-over-year growth. Microsoft's Azure saw a 20% growth, with Intelligent Cloud business revenue at $25.9 billion. Alphabet's Google Cloud Platform (GCP) revenue was $9.19 billion, up 25.66% year-over-year. Microsoft's Azure showed the fastest growth, partly due to its AI services, positioning it for strong future growth. Stock prices for Amazon, Microsoft, and Alphabet all rose following the earnings reports.
February 03, 2024 | 8:25 pm
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Amazon's AWS led Q4 cloud revenue with $24.20 billion, a 13% year-over-year growth. Stock up 7.87%.
AWS's strong revenue growth and significant contribution to Amazon's operating income positively impact investor sentiment, driving the stock price up.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 90
POSITIVE IMPACT
Alphabet's GCP revenue was $9.19 billion in Q4, up 25.66% year-over-year. Alphabet's stock (GOOGL) gained 0.86%.
GCP's significant year-over-year growth contributes to Alphabet's overall performance, slightly boosting its stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
Microsoft's Azure saw a 20% growth in Q4, with Intelligent Cloud business revenue at $25.9 billion. Stock rose 1.84%.
Azure's accelerated growth, especially in AI services, suggests strong future prospects, positively influencing Microsoft's stock.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 90