If you are interested in the largest cloud providers by revenue in 2017, you are at the right place! Do you know much about cloud services? Do you know which the largest ones are? Insider Monkey lately published an article in which they highlighted the largest ones in cloud computing, including those providing infrastructure-as-a-service (IaaS), platform as a service (PaaS) and software-as-a-service (SaaS) solutions.
As for me I am not expert, so I am just a simple user of any software, but I am always keen on watching experts to work with various programs, and really respect them. Now I have studied a lot from Insider Monkey’s article. Learning about computing is definitely not an easy thing, but it pays off.
We have picked three cloud providers from Insider Monkey’s list for now. SAP SE (ADR) (NYSE:SAP). Its cloud revenue $1.02 billion. SAP SE (ADR) (NYSE:SAP) is a software and service provider. The company’s cloud revenue amounted to 906 million euro ($1.02 billion) in the first quarter of 2017, up by 34% on the year. The company has high expectations for its cloud business; in a presentation in May, SAP SE (ADR) (NYSE:SAP) said that it plans to generate more revenue from cloud than from software between 2018 and 2020. THe second one is ORacle Corporation (NYSE:ORCL). Cloud Revenue: $1.19 billion. For the third quarter of its fiscal year 2017 (ended February 28), Oracle Corporation (NYSE:ORCL) reported cloud revenue of $1.19 billion. The largest share of this amount ($1.01 billion) was generated by the company’s cloud software as a service and platform as a service offerings, with $178 million coming from cloud infrastructure as a service. Moreover, to expand its cloud business, Oracle Corporation (NYSE:ORCL) acquired NetSuite, a provider of cloud-based enterprise resource planning software, last year. Alphabet Inc (NASDAQ:GOOGL) is the third one for now. Its cloud revenue is $1.8 billion (fourth quarter). Alphabet Inc (NASDAQ:GOOGL) doesn’t provide data for its cloud business separately, but includes it in its Google division, which also includes its Search, Ads, Commerce, Maps, YouTube, and other segments, so it’s Alphabet’s largest division. However, some analysts provide estimates for the company’s cloud revenue. According to Pacific Crest Securities, in the fourth quarter of 2016, Alphabet Inc (NASDAQ:GOOGL)’s cloud revenue amounted to 1.80 billion.
For any further interesting information, you should read Insider Monkey’s article about 7 the largest cloud providers by revenue in 2017.