See below thread, but Azure + Enterprise services + server products are reported...

seanhunter on Feb 6, 2020 | parent | context | favorite | on: Alphabet earnings show Google Cloud on $10B run ra...

See below thread, but Azure + Enterprise services + server products are reported as "Intelligent cloud". It's intelligent cloud that has the $48bn run rate. So it's not a like-for-like comparison with AWS even though it doesn't include Office365.