Trends Report

What The Q4 2023 Cloud Earnings Mean For Technology Executives

Cloud Customer FOMO About AI Spikes Hyperscaler Revenue — Can It Last?

March 28th, 2024
KB
Kathryn Bell Data Researcher
With contributors:
Matthew Guarini , Arthur Ross , Marissa Fritz

Summary

Our analysis of the top cloud providers’ most recent earnings statements shows that AI continues to drive an upswing in revenue. While it’s too soon to conclude whether the rush to AI services will lead to consistently higher cloud provider revenue, the numbers are notably higher in light of cloud customers’ cost savings and consolidation in the post-pandemic era. This report looks at the trends behind cloud providers’ revenue.

Want to read the full report?

Contact us to become a client

This report is available for individual purchase ($1495).

Forrester helps business and technology leaders use customer obsession to accelerate growth. That means empowering you to put the customer at the center of everything you do: your leadership strategy, and operations. Becoming a customer-obsessed organization requires change — it requires being bold. We give business and technology leaders the confidence to put bold into action, shaping and guiding how to navigate today's unprecedented change in order to succeed.