US Internet and Software_ 4Q24 Cloud Compare_ Industry Growth Downticks Slightly
Cluster Industrielle Biotechnologie e.V.·2025-02-13 06:50
09 Feb 2025 21:43:44 ET │ 13 pages V i e w p o i n t | US Internet and Software 4Q24 Cloud Compare: Industry Growth Downticks Slightly CITI'S TAKE We recap results for the top 4 cloud providers post CQ4 earnings. Overall industry growth slowed by ~110bps to +24.5% Y/Y on weaker non-AI Azure results and softer GCP results due to capacity constraints. Cloud growth trajectories varied as MSFT's Azure constant currency (CC) growth ticked down to +31% YoY from +34%, while AMZN's AWS growth remained largely stabl ...