How much was Google Cloud losing Revenue in 2020?

For the first time, Google discloses the operating income of its cloud platform, and this statement came according to a report with Wall Street, which obtained details about the amount that Google’s cloud lost in 2020, and this came only one year after Google’s cloud platform started to reap profits by providing it to the cloud business, which made it follow Its competitors are Amazon cloud platform and Microsoft cloud platform in the cloud computing market.

How much was Google Cloud losing Revenue in 2020?

Financial details were obtained about Google’s cloud investments, including hiring and acquisitions.
The cloud business of Google recorded approximately $ 5.61 billion in operating losses for the year 2020, while the company’s cloud revenues reached $ 13.06 billion for the year 2020. It recorded a record high in the fourth quarter of 2020, and the loss in this fourth quarter of 2020 reached $ 1.24 billion. Out of revenue increased by $ 3.83 billion for the same quarter.

Not the first loss

This is not the first loss for Google, as it lost $ 4.65 billion in 2019, out of $ 8.92 billion in revenue. It also lost $ 4.35 billion in 2018 in revenue of $ 5.84 billion. This indicates that the losses of the cloud unit are increasing as Google continues to invest heavily in sales personnel.

Thomas Kurian assumed leadership of the cloud efforts

Google’s cloud continues to be ranked third behind the Amazon cloud platform and Microsoft’s cloud platform. Under CEO Diane Greene, its attempts to boost its cloud unity and gain a large share in the cloud market failed, and he left it in 2018. But when former Oracle CEO Thomas Kurian assumed leadership of the cloud efforts For Google, in 2019, Google continued its hiring and acquisitions.