Google Cloud CEO: As cloud business performance exceeds expectations, customer spending surges 50%

Golden Finance reported that on July 24, Thomas Kurian said: “After our existing customers make commitments to us, they increase their spending. Their actual spend is about 50% higher than the committed amount. This is thanks to the differentiated advantages of our product portfolio, as well as our strength in marketing and execution, which is also directly reflected in the double growth of our revenue and operating profit.” This overspending drove an explosive growth in its cloud business, with that business unit’s revenue surging 82% year over year.
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