Trends Report

What The Q4 2023 Cloud Earnings Mean For Technology Executives

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

Kathryn Bell
 and  three contributors
Mar 28, 2024

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.

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