Gestalt IT Rundown
Gestalt IT Rundown
Gestalt IT Rundown
Google Cloud Turns a Profit and Extends the Life of Servers | Gestalt IT Rundown: April 26, 2023
31 minutes Posted Apr 26, 2023 at 5:23 pm.
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Google Cloud Turns a Profit and Extends the Life of Servers
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In the three years since reporting financial metrics Google's cloud business has announced they have turned a profit. Their offerings under this umbrella include Google Cloud Platform and Google Workspace. These two products now account for 10 percent of parent company Alphabet's total revenue. Buried in an SEC filing is news that Google will extend the estimated useful life of its servers and networking equipment to 6 years. While this is phrased as financial engineering, it also reflects a change in how Google, and other hyperscalers, will purchase and buy servers. What are the ramifications of this change? Does this mean the cloud business will remain a priority for Google going forward?
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