Top Public Cloud Providers Grow Revenue Amidst COVID-19 Crisis
Amazon, Google and Microsoft—the top public cloud providers—are all benefiting from organizations of all sizes looking to the cloud for business continuity during the global pandemic.
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Enabling employees to work from home wasn't the only right move organizations have made due to COVID-19; many are also reaping the benefits of migrating to the cloud during the pandemic.
The three top public cloud providers—Amazon, Microsoft and Google—all showed expansive growth in their financial earnings reports released last week. Google reported its first-quarter results on April 28, with cloud revenue hitting $2.79 billion for a 52% gain over 2019. A day later, Microsoft reported its earnings, with revenue for its intelligent cloud group, which includes Azure, coming in at $12.3 billion for a 27% year-over-year gain. And on April 30, Amazon reported its first-quarter financial earnings, with cloud revenue of $10.2 billion for a 33% year-over-year gain.
“While COVID-19 is having a devastating impact on communities and economies around the world, indications are that it is having a mildly positive impact on the cloud infrastructure services market,” said John Dinsdale, a chief analyst at Synergy Research Group, in a media advisory. “For sure the pandemic is causing some issues for cloud providers, but in uncertain times the public cloud is providing flexibility and a safe haven for enterprises that are struggling to maintain normal operations."
During the past quarter, the three top public cloud providers not only saw their revenue grow, but also added new regions and services.
Microsoft Azure Surges Forward
During Microsoft's earning call, CEO Satya Nadella boasted that, with new regions added in Mexico and Spain in the first quarter, Microsoft Azure now has more data center regions than any other cloud provider.
Azure's cloud footprint also extends to the edge, another area where Nadella sees Microsoft differentiating from its public cloud peers. On March 26, Microsoft announced the acquisition of Affirmed Networks, which helps operators deploy and maintain 5G networks and services.
"Azure Edge Zones extends Azure to the network edge, connecting directly with the carriers' 5G network to enable immersive real-time experiences that require ultralow latency," Nadella said.
Google Cloud Platform
Microsoft wasn't the only cloud provider opening new regions in the first quarter. On March 4, Google announced that it is building out four new regions: in Toronto; Delhi, India; Doha, Qatar; and Melbourne, Australia.
Google was also busy during the quarter rolling out new services for its cloud users. Among the new services is the Cloud Memorystore, which is an in-memory data store service. The Google Cloud Data Catalog also hit a major milestone during the quarter, exiting beta and becoming generally available.
"Google Cloud Data Catalog is a fully managed and scalable metadata management service. It can help your organization quickly discover, understand, and manage all your data from one simple interface," Shekhar Bapat, product manager for Google Cloud Data Catalog, wrote in a blog post. "Accessible from within the Google Cloud console, Data Catalog allows immediate access to data discovery without requiring any upfront setup."
AWS Continues to Lead
Amazon Web Services was also active in the quarter, announcing the opening of new regions in Milan, Italy, and Cape Town, South Africa. In addition, Amazon announced plans to launch new regions in Indonesia, Japan and Spain.
In terms of new services, AWS announced the general availability of its Amazon Keyspaces cloud database service. The Amazon Augmented Artificial Intelligence (Amazon A2I) service also hit general availability, providing organizations with a service to enable the human review of machine learning predictions. In addition, AWS announced Amazon AppFlow, a new service that helps organizations move data across applications.
During Amazon's earning call, Chief Financial Officer Brian Olsavsky highlighted his company's efforts to help with COVID-19 research and continuity efforts.
"AWS has created data lakes to assist healthcare workers, researchers, scientists and public health officials working to understand and fight the coronavirus," Olsavsky said. "Many of our AWS products are helping in the government response to the crisis, and are there for customers who are seeing their own demand spikes, companies enabling video conferencing, remote learning and online health services, for example."
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