Amazon Web Services' Q2 Was Good. Google Cloud's Was Better. Here's Why It Matters.

With revenue growth of nearly 37% and a year-over-year improvement in operating income of more than 63%, there's no denying Amazon's (NASDAQ: AMZN) cloud computing arm experienced a fantastic second quarter. Shareholders have every reason to be happy.Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL) investors, however, have even more reason to celebrate. The company's Google Cloud business grew its top line by nearly 82%, resulting in operating income growth of over 200%.There's an important footnote to these percentage-based comparisons: Google's cloud computing business started from a markedly smaller baseline, making it easier for Alphabet to produce a relatively bigger leap. There's another footnote to add to the numbers, though: Google Cloud is gaining market share, while Amazon is losing it.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool