{"id":30634,"date":"2017-07-25T11:37:33","date_gmt":"2017-07-25T11:37:33","guid":{"rendered":"https:\/\/www.cloudcomputing-news.net\/news\/2017\/jul\/25\/google-triples-number-500k-cloud-deals-year-over-year-latest-financial-results\/"},"modified":"2017-07-25T11:37:33","modified_gmt":"2017-07-25T11:37:33","slug":"google-triples-number-of-500k-cloud-deals-year-over-year-as-latest-results-announced","status":"publish","type":"post","link":"https:\/\/icloud.pe\/blog\/google-triples-number-of-500k-cloud-deals-year-over-year-as-latest-results-announced\/","title":{"rendered":"Google triples number of $500k cloud deals year over year as latest results announced"},"content":{"rendered":"<p><img decoding=\"async\" src=\"http:\/\/www.cloudcomputing-news.net\/media\/img\/news\/iStock-487283210.jpg\"><\/p>\n<p>Google says it has tripled the number of its big cloud deals year over year as its parent company Alphabet announced revenues of $26 billion (&pound;19.9bn) for the most recent quarter.<\/p>\n<p>In a call with analysts, Google CEO Sundar Pichai &ndash; who it was also announced is joining the Alphabet board of directors &ndash; discussed the company&rsquo;s &lsquo;impressive&rsquo; cloud assets. &ldquo;[Google Cloud Platform] continues to experience impressive growth across products, sectors and geographies and increasingly with large enterprise customers in regulated sectors,&rdquo; he said, as transcribed <a href=\"https:\/\/seekingalpha.com\/article\/4090041-alphabets-goog-ceo-sundar-pichai-q2-2017-results-earnings-call-transcript?part=single\">by Seeking Alpha<\/a>.<\/p>\n<p>&ldquo;To be more specific about our momentum with big customers, in Q2 the number of new deals we closed worth more than $0.5 million is three times what it was last year,&rdquo; Pichai added.<\/p>\n<p>This was about as specific as Pichai got, as Google puts cloud in its &lsquo;other revenue&rsquo; bucket, alongside such products as the Google Play app store. Google&rsquo;s other revenues for Q217 were at $3.1 billion, up 42% from this time last year but seeing <a href=\"https:\/\/www.cloudcomputing-news.net\/news\/2017\/apr\/28\/amazon-microsoft-and-googles-financial-results-give-intriguing-state-cloud\/\">a very slight decrease<\/a> from Q1 this year.<\/p>\n<p>Compared with Amazon, which is now reporting its AWS revenues separately, and Microsoft, which does not give specifics but instead puts revenues for &lsquo;intelligent cloud&rsquo;, including Azure and server products, it is relatively nebulous.<\/p>\n<p>Yet while a lot of the focus has been on AWS and Azure&rsquo;s competition in recent weeks &ndash; as this publication <a href=\"https:\/\/www.cloudcomputing-news.net\/news\/2017\/jul\/24\/aws-azure-and-state-play-right-now\/\">reported on<\/a> &ndash; analysts have been noting Google&rsquo;s relative rise. The company still only finds a place in the <a href=\"https:\/\/www.cloudcomputing-news.net\/news\/2017\/jun\/19\/gartners-cloud-iaas-magic-quadrant-2017-aws-and-azure-power-smaller-players-come-back\/\">&lsquo;visionaries&rsquo; section<\/a> for Gartner&rsquo;s IaaS Magic Quadrant, however its growth remains higher than AWS if not at the same level as Microsoft, <a href=\"https:\/\/www.cloudcomputing-news.net\/news\/2017\/may\/15\/aws-stable-global-market-share-slower-growth-microsoft-and-google\/\">according to Canalys<\/a>.<\/p>\n<p>Google&rsquo;s overall revenues were at $25.8 billion, with &lsquo;other bets&rsquo;, such as its autonomous car business, Waymo, at $248 million. Like Microsoft CEO Satya Nadella last week, Pichai focused on the importance of artificial intelligence in the company&rsquo;s strategy going forward. &ldquo;Google continues to lead the shift to AI driven computing,&rdquo; he said. &ldquo;It&rsquo;s our focus on infusing our products and platforms with power of machine learning and AI that&rsquo;s driving our success.&rdquo;<\/p>\n<p>Among the company&rsquo;s highlights in the most recent quarter were partnerships with SAP and Nutanix, opening four new cloud regions, with the <a href=\"https:\/\/www.cloudcomputing-news.net\/news\/2017\/jul\/14\/google-opens-doors-london-data-centre\/\">most recent<\/a> being in London, as well as the <a href=\"https:\/\/www.cloudcomputing-news.net\/news\/2017\/jul\/19\/google-cloud-catches-aws-transfer-appliance\/\">launch of<\/a> Transfer Appliance, a product aimed at transferring data from local servers into their cloud.<\/p>\n<p>You can digest the full Alphabet results <a href=\"https:\/\/abc.xyz\/investor\/news\/earnings\/2017\/Q2_alphabet_earnings\/\">here.<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Google says it has tripled the number of its big cloud deals year over year as its parent company Alphabet announced revenues of $26 billion (&pound;19.9bn) for the most recent quarter.<br \/>\nIn a call with analysts, Google CEO Sundar Pichai &ndash; who it w&#8230;<\/p>\n","protected":false},"author":50,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-30634","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/icloud.pe\/blog\/wp-json\/wp\/v2\/posts\/30634","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/icloud.pe\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/icloud.pe\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/icloud.pe\/blog\/wp-json\/wp\/v2\/users\/50"}],"replies":[{"embeddable":true,"href":"https:\/\/icloud.pe\/blog\/wp-json\/wp\/v2\/comments?post=30634"}],"version-history":[{"count":1,"href":"https:\/\/icloud.pe\/blog\/wp-json\/wp\/v2\/posts\/30634\/revisions"}],"predecessor-version":[{"id":30635,"href":"https:\/\/icloud.pe\/blog\/wp-json\/wp\/v2\/posts\/30634\/revisions\/30635"}],"wp:attachment":[{"href":"https:\/\/icloud.pe\/blog\/wp-json\/wp\/v2\/media?parent=30634"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/icloud.pe\/blog\/wp-json\/wp\/v2\/categories?post=30634"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/icloud.pe\/blog\/wp-json\/wp\/v2\/tags?post=30634"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}