https://techcrunch.com/2023/04/25/google-cloud-turns-profit-for-the-first-time/

Google Cloud may be chasing Amazon and Microsoft in the cloud game, but it has something big to boast about after earnings came out today. The company has turned a profit on its cloud unit for the first time since it began reporting cloud income several years ago.

The company reported cloud revenue of $7.4 billion in Q12023, that’s up from $5.8 billion in the year ago period, up 27.5%. But that growth is not the primary news nugget here. The company also reported an operating income loss of $706 million a year ago. This year it reported a $191 million gain. That’s huge for a company that has struggled in third place in the cloud market.