Predicting Cloud Growth Rates for 2023
Tom Tunguz
FEBRUARY 2, 2023
A year ago, AWS, GCP, & Azure averaged 44% annual growth. So far in the first month of the year, AWS year-over-year revenue growth is in the mid-teens. in revenue, GCP is at -7%, not far off breakeven, but a long way from AWS’ 30% profit margins. Today, that figure has dropped to 27%. Amazon: Net sales increased $21.4
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