Operating income
Microsoft: $9.5bn
AWS: $5.1bn
Google Cloud: $191m
Microsoft's Intelligent Cloud unit reported operating income of nearly $9.5bn during the first quarter of 2023, up from $8.4bn year over year.
AWS trailed Microsoft by generating $5.1bn in operating income in Q1 2023, representing a decline compared to $6.5bn in operating income in Q1 2022.
After years of generating an operating loss, for the first time in its history, Google Cloud turned a profit during the first quarter of 2023. Google Cloud generated operating income of $191m in the quarter, compared to an operating net loss of $931m year over year.
For its entire fiscal year 2022, Google Cloud reported an operating loss of nearly $3bn. This is a massive turn from Google Cloud operating at a loss for years to generating profitability in 2023.
