Friday, 24 March, 2023

Google Cloud lost $5.6 bn in 2020

<p>Google, for the first time, disclosed operating income/loss for its Cloud business unit in its quarterly earnings yesterday. Google Cloud lost $5.6 bn in FY 2020, which ended on December 31. The total revenue of the unit stood at $13 bn. The unit&#39;s losses, on the one hand, are rising up from $4.3 bn in 2018 and $4.6 bn in 2019, but revenue is also seeing an upward trend, up from $5.8 bn in 2018 and $8.9 bn in 2019.</p> <p>&nbsp;</p>