A Look Back at Q1 '24 Public Cloud Software Earnings
Clouded Judgement
JUNE 19, 2024
The charts below show the change in quarterly revenue YoY (so Q1 ‘24 rev - Q1 ‘23 rev) going back to 2017. It’s worth pointing out that Azure is a bit above the long term trendline, while AWS is still below (but accelerating up). I consider >120% best in class for companies selling to SMBs (like Bill.com).
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