Cloud revenue accelerates 21% to $76 billion for the latest earnings cycle Last year’s doldrums are in the rearview thanks to AI
If you were concerned about slowing cloud infrastructure growth for a time in 2023, you can finally relax: The cloud was back with a vengeance this quarter. The market as a whole was up a healthy $13.5 billion to $76 billion, up 21% over the first quarter in 2023, per Synergy Research.
That’s healthy growth by any measure.
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