Alphabet announced that its Google Cloud business had finally become profitable following years of costly investments.
Google Cloud CEO Thomas Kurian details how the company's cloud unit implemented various strategies to maximize its profitability, improve business outcomes, and boost its reputation.
- Alphabet recently announced that Google's cloud computing division reported an operating income of $191M, following a total loss of $4B in 2021 and 2022.
- Kurian highlighted that Google Cloud was "not in a very good situation" when he joined. Under Kurian, the company shifted its focus from "building technology to…building products and solutions" that are not solely aimed at storage and computing, offering companies and organizations cutting-edge solutions, namely in AI, to simplify their business tasks.
- Since 2020, the company has onboarded cloud staff every financial quarter. Furthermore, the company completed its acquisitions of data analytics software startup Looker for $2.6B in 2019 and security software vendor Mandiant for $6.1B last year.
- Currently, 25% of Alphabet's full-time employees work in the Google Cloud unit.