The global demand for public cloud services continues surging as the world becomes increasingly digitized. Over the past years, Amazon Web Services, Microsoft Azure, and Google Cloud Platform have seen impressive growth in the adoption and usage of their services, which will undoubtedly continue in 2023 as the entire market is set to witness a… Read more »
The post Public cloud revenues to jump by 26% YoY to $525B in 2023 appeared first on Cloud Computing News.
We’ve all seen the ads touting “one simple/crazy trick” to lower your insurance (or weight, or electric bill, or whatever). Now GigaOm has it’s own variant for cloud vendors to predict annual revenue:
Just take your July revenue and multiply it by 12. Or if you want to get even trickier, take your daily revenue on July 15 and multiply it by 365.
They’re both embarrassingly simple, but surprisingly accurate. For a subscription business with a consistent trajectory, it’ll get you extremely close to the ultimate answer – usually within a couple percentage points.
There is more to it of course.
From Staff.com, an infographic comparing revenue, profit, and market cap for Apple, Microsoft, Google, Amazon and Facebook: