Google triples number of $500k cloud deals year over year as latest results announced

Grazed from CloudTech. Author: James Bourne.

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 (£19.9bn) for the most recent quarter. In a call with analysts, Google CEO Sundar Pichai – who it was also announced is joining the Alphabet board of directors – discussed the company’s ‘impressive’ cloud assets.

“[Google Cloud Platform] continues to experience impressive growth across products, sectors and geographies and increasingly with large enterprise customers in regulated sectors,” he said, as transcribed by Seeking Alpha. “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,” Pichai added...

This was about as specific as Pichai got, as Google puts cloud in its ‘other revenue’ bucket, alongside such products as the Google Play app store. Google’s other revenues for Q217 were at $3.1 billion, up 42% from this time last year but seeing a very slight decrease from Q1 this year...

Read more from the source @ https://www.cloudcomputing-news.net/news/2017/jul/25/google-triples-number-500k-cloud-deals-year-over-year-latest-financial-results/