Grazed from MarketRealist. Author: Naomi Gray.
Alphabet (GOOGL) has long been viewed as a cloud computing underdog alongside Oracle (ORCL) and International Business Machines (IBM). Let’s see if anything has changed The chart below shows the leading cloud vendors by market share, as estimated by Synergy Research Group.
Although Alphabet still declines to break out its Google Cloud revenues, the company hinted in its 4Q16 earnings report that it’s rapidly gaining ground in the cloud space. The tech giant’s nonadvertising revenues come from sources such as cloud, app, and hardware sales. These revenues increased 62% YoY (year-over-year) to $3.4 billion in 4Q16, a record for the segment...
Giving Windows users a taste of Google Cloud
In Alphabet’s nonadvertising revenue pursuit, cloud computing is at the center of the game. In 2016, Alphabet was reported to have persuaded Apple (AAPL) to move a portion of its cloud business from Amazon’s (AMZN) cloud, Amazon Web Services (or AWS), to Google Cloud, according to Fast Company...
Read more from the source @ http://marketrealist.com/2017/02/alphabet-now-stand-cloud/