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Money News

It’s Sunny Weather in the Cloud, Says Quarterly Earnings

May 01, 2017

Who are the kings of cloud computing? It may not be who you think.

1 min read

You may know Amazon, Microsoft and Google as the kings of e-commerce, software and search. Yet according to recent quarterly earnings reports, it’s cloud computing that’s setting profits soaring.

All three are flying after seeing boosted earnings from renting out computing services and offering online access to software in their data centers, according to the New York Times.

Amazon is still the leader of the cloud pack — but rivals Microsoft and Alphabet are hot on its heels

Cloud computing, a relatively new venture for these companies, is becoming even more profitable than the products and services that have made them household names.

Amazon is still the leader of the cloud pack — but rivals Microsoft and Alphabet (the parent company of Google) are hot on its heels. More and more companies, government agencies and businesses are giving up paying for their own data centers and outsourcing their needs to these three companies.

Expect to see increasing competition in this space and fierce fighting to own this profitable part of the internet.

Kings of cloud computing

It’s not just the big three (Amazon, Microsoft and Google) that are innovating in the cloud space. There are lots of names you may not have heard of. 

On Cloud Nine an investment available on Stash offers you exposure to companies that make and use cloud technology to store, access, and sync data and software. Read the investment profile: On Cloud 9


By Stash Team

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