Corey Quinn Profile picture
Feb 1 20 tweets 4 min read
And now, the Alphabet (Google's parent company) earnings call. It's the rarest of unicorns: a YouTube video that doesn't whine at me to upgrade to YouTube Premium.
The market is happy. Stock up 7.5% in after hours trading.

A 20 for 1 stock split coming this summer.

Let's look at the @googlecloud numbers.
Google Cloud showed $5.5B revenue for the quarter, or a $22 billion annual run rate.

Margins are less rosy; for the quarter they lost just shy of $10 million a day.
The Google powerhouse is and remains ads ($61.24 billion in revenue for the quarter), which is probably why the @googlecloud console has a DoubleClick tracker in it.
"New computers aren't worth the money" says Google, much as many of us have given recent Intel roadmap lapses.
The conference call is started. Unlike Amazon, Alphabet/Google pulls the completely amateur-hour move of having their CEO @sundarpichai deign to show up for the call.
Talking about YouTube Shorts, which is trying to be TikTok Pantsed. It's making money apparently.
Now he's talking about cloud. @googlecloud revenue grew 44% YoY. most of the $50b revenue backlog is attributed to Cloud. (Well yeah. 10 year deal signings will do that!)
Their sales force has tripled over the last few years. Snark away, I find those jokes kinda tired.
Doubled third party sales through their cloud marketplace (full spend counts towards customer spend commitments, vs. only 50% on @awscloud).
"Our open multi-cloud infrastructure" blah blah blah.

It means I can get a better management experience for my AWS environment, if executed properly. Not sure this benefits Google much, but I'll take it.
He closes his prepared remarks by thanking his employees. This is the kind of thing I mean when I say Google focuses Amazon's customer obsession towards its employees.
"The future of retail is omnichannel," says Philipp Schindler (Google's CBO (Chief Bitcoin Officer)).

Meanwhile a product manager elsewhere begins drafting a doc for Amazon Basics OmniChannel.
Question time! Starts with a web3 question.

"We pay attention to innovation and we want to support it. We're keeping an eye on it" because isn't a Google property but there's no sense insulting people unnecessarily.
"How are you hiring in the current labor market?"

By paying people decently, mainly. It's not THAT hard.
I used to think that these calls avoided cloud topics because the analysts were shortsighted, but now I think it's because they legitimately don't understand the space. They don't understand other spaces either, but they can pretend otherwise with retail or ad sales.
And thus ends the call. Now, my take!
I think Google Cloud losing money is the right play. They're not setting that money on fire, they're investing in the platform's growth. They VERY OBVIOUSLY have enough money coming in from search / ads / turning off Reader to subsidize Cloud forever.
I think it's naive in the extreme to view the industry as a zero sum game. Growth is very often net new, not "we convinced Customer X to migrate from another cloud."
And I'm very grateful for antitrust laws because otherwise AWS and Google would team up to show even more ads in the AWS console than we already have.

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More from @QuinnyPig

Feb 1
I've repeatedly said that if I were going to start a company from scratch today and I didn't have a pile of experience with @awscloud, I'd be hard pressed to choose a cloud provider who wasn't @GoogleCloud.
I stand by that, but let's bound this with the reality that I *do* have that experience with AWS.
If I'm building something for production, where downtime is going to have a real impact to my customers and to my business, it's borderline unthinkable that I'd pick a provider that isn't @awscloud.
Read 9 tweets
Feb 1
If I have to go through annual security awareness training, so do you.

@ESET may not enjoy this very much. It's threading time!
Well if someone markets to me under this name we know where it came from.
I... is this really necessary? I guess the 90 minute training's gotta be filled up with something.

"Meanwhile, Jackson's partner is cheating on him. Will he find out? Let's tune in..."
Read 32 tweets
Jan 31
So let's find out why GuardDuty is the spendiest @awscloud service in one of my AWS accounts for January.
Okay, a crapton of CloudTrail events. Hmm.

This account is part of an organization. I'd have expected this to show up either in the CloudTrail bucket account, or the org payer management account.
GuardDuty console in this account confirms it.
Read 9 tweets
Jan 29
It took me a while to figure it out, but the reason I adore @b0rk’s content is that she excels at approaching explaining things in a way I can only aspire to. A thread…
Her latest is a great example of what I’m talking about. Go read it, then come back.…
Think of basically every other ipv6 advocacy piece you've ever read. They all round to "here's why it's good and you should use it," usually with a helping of "you ignorant jackass" sprinkled throughout.
Read 9 tweets
Jan 29
If you had given me 200 guesses about which company just pulled a “hey fuckstick, we’re turning on a chargeable service for your account because fuck you” I would not have guessed @awscloud.

Clearly times are changing and so must my impressions and opinions about the company.
Yeah, it's not going to impact a bunch of folks financially, but this is the first time I can *ever* recall that "configure something in AWS, leave on a trip for a decade, and come back to a higher monthly bill" has been true for any customer.

Read 11 tweets
Jan 28
Sure are a lot of JavaScript fans on Twitter. I think there'd be more Python shitposts except we're all busy trying to solve dependency problems.
I want to do a python project on my Mac. Okay, install asdf so I don't destroy my system python install, select the version.
Make sure my shell is configured to use it properly.

Time to pip install the stuff I need to globally.

Now time to create that project. Use a virtualenv to contain dependencies. Install all that global stuff all over again...
Read 9 tweets

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