AWS, ServiceNow and Google Cloud: Thanks to Covid-19, performance soars

In the third quarter, AWS grew by 29% year-on-year, ServiceNow grew by 30% year-on-year, and Google Cloud grew by 45% year-on-year: the Covid-19 pandemic not only caused trouble.

During the presentation of the company’s performance, Amazon’s chief financial officer Brian Olsavsky told investors that due to the Covid crisis, the e-commerce giant is seeing many customers adopt AWS cloud CRN at a faster rate. The report says -19, while other countries that have been severely affected are cutting spending.

AWS announced revenue of $11.6 billion for the quarter ended September 30, an annual growth rate of 29%. “We are satisfied with the state of our activities”, When Brian Olsavsky talked about AWS, “During this period, our sales team will create value.”

Amazon as a whole also benefited from the rapid growth of e-commerce, an increase of 37%, reaching 96.1 billion US dollars, exceeding analysts’ expectations of 92.7 billion US dollars. Earnings per share were US$12.37, which greatly exceeded Wall Street’s expectations of US$7.41.

For its part, ServiceNow generated $1.15 billion in revenue during the quarter, an increase of 30% year-on-year. Subscription revenue reached 1.09 billion US dollars, an increase of 31%. “Our outstanding third-quarter results exceeded everyone’s expectations, and we are increasing guidance for the whole year”, Announced in the press release Bill McDermott, CEO of ServiceNow. “ Covid is redefining the future of work, accelerating digital transformation, and expanding the need to unify systems, silos and processes into the overall corporate workflow. ServiceNow is a platform for digital business. Customers are using the Now platform to create workflows that provide a great experience for brave combatants, students, knowledge workers, consumers, and more people around the world. We are greedy, humble and enthusiastic about making people’s working environment better. We have never been so confident. ” To be sure, the former boss of SAP does not regret leaving the German publisher. The latter has just lowered its revenue forecast for that year and postponed its 2023 strategic plan to 2025.

Another big winner: Google Cloud, whose turnover jumped 45% to 3.44 billion US dollars “Thanks to its advantages in data processing and analysis, it has accelerated the transition to digital technology and cloud through the coronavirus pandemic and its multi-cloud strategy, and has achieved success”, Alphabet boss Sundar Pichai explained. This growth promoted the growth of the parent company, whose revenue reached US$46.17 billion, an increase of 14%. Net income jumped from $7.07 billion or $10.12 per share in the same period last year to $11.27 billion or $16.40 per share.