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October 4, 2019 08:14 pm
Original Link: http://rss.slashdot.org/~r/Slashdot/slashdot/~3/1tUnZhHtvBc/google-cloud-worth-225-billion-deutsche-bank-says
Google Cloud Worth $225 Billion, Deutsche Bank Says
An anonymous reader quotes a report from Bloomberg: Alphabet's cloud business alone is now worth $225 billion, Deutsche Bank analysts led by Lloyd Walmsley wrote in a note. The unit could report compound annual growth of 55% between 2018 and 2022, and reach annual sales of about $38 billion by 2025, the analysts wrote. The value ascribed by Deutsche Bank to Google Cloud is nearly twice the market value of IBM, which reported cloud revenue of $19.2 billion in 2018, at the close of trading on Wednesday, Bloomberg data show.Read more of this story at Slashdot.
Original Link: http://rss.slashdot.org/~r/Slashdot/slashdot/~3/1tUnZhHtvBc/google-cloud-worth-225-billion-deutsche-bank-says
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