Tech Industry
9h
998
Women, help me understand why this is inspirational
Tech Industry
2h
1471
What happens when most of your team is Indian?
India
Yesterday
1282
Modi is a legend, will be remembered for centuries to come
Personal Finance
2d
2892
Is spending 12K per month normal or too much
Working Parents
20h
1375
Closed now - thank you all
Wow. Sundar and TK have done it! https://www.cnbc.com/amp/2023/04/25/googles-cloud-business-turns-profitable-for-the-first-time-on-record.html Congratulations š to Googlers. TC 450k Yoe 15 #google #meta #amazon #msft
Profit for the first time but the amount is chump change, is it not?
Chump change is your TC kenpot.
Cap 1 talking about chump change is actually hilarious
Accounting magic
They teach this at Hogwarts.
Cheap accounting trick, not "true profit." Just good for Wall St reporting
That they are even close enough for accounting tricks to work speaks to how far they've come and overall trajectory.
Itās $30B ARR now & I bet Q2-Q4 will take it to $32-$33B run rate
Q1 growth was 28% y/y, so thatās reasonable.
I suspect some accounting magic here.
š
30b ARR, where single customer is Google itself and it makes 80% of the whole yearly spending
Google uses less of Google Cloud, thatās another complaint
Funny, but you are clueless.
For sure, after laying off employees and changing the pricing structure of existing contracts
Less than 5% of cloud employees were laid off
Google became what it is because of the profit margins. Iām not sure how GCP can become that profitable till it gains serious market share at the expense of AWS and Azure.
Did GCP grow or did Google Workspace products grow? They bundle it all into cloud, so itās sketchy.
Both are cloud
Praise be to God, lord of the universe!