One correction. It's not $8B per year, it's $8.4B in the last quarter--which is over $32B annualized, especially considering the last quarter's revenue grew over 20% from the same time last year. GCP's profit margins are low (for now) but positive. [1]
Moreover, per its filings, Google had almost $65B of contracted backlog representing customer commitments for future purchases (over multiple years), primarily related to Google Cloud. That is not to say those can't ever be unwound or delayed, but it's a pretty meaningful amount, even to a company the size of Google. [2]
Moreover, per its filings, Google had almost $65B of contracted backlog representing customer commitments for future purchases (over multiple years), primarily related to Google Cloud. That is not to say those can't ever be unwound or delayed, but it's a pretty meaningful amount, even to a company the size of Google. [2]
[1] https://www.sec.gov/Archives/edgar/data/1652044/000165204423...
[2] https://www.sec.gov/Archives/edgar/data/1652044/000165204423...
edit: formatting