Cloud Growth Comparison: Microsoft Azure vs Google Cloud
Azure at a ~$93B run rate growing 39% constant currency
Quarterly YoY growth trends below
Line chart titled Azure YoY Growth (cc) displays blue line plotting quarterly year-over-year growth percentages from about 27 percent in Q1 2021 rising to 39 percent in Q3 2025 across x-axis quarters labeled Q1 to Q3 from 2021 to 2025 and y-axis from 0 to 60 percent with data points at 27 percent, 28 percent, 31 percent, 34 percent, 39 percent
Estimates of Net new quarterly ARR added:
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YoY growth in quarterly net new ARR added:
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2. $Alphabet(GOOG)$ $Alphabet(GOOGL)$
Google Cloud at a ~$61B run rate growing 34% (not constant currency). Google cloud includes GCP and GSuite
Quarterly YoY growth trends in below chart
Line chart titled Google Cloud YoY Growth not cc displays percentage growth from Q1 21 to Q2 25 starting at 46 percent decreasing to 28 percent then rising to 34 percent with x-axis quarters labeled Q1 21 through Q2 25 and y-axis from 0 to 60 percent
Below is an estimate of net new ARR added over the last few quarters
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YoY growth in net new ARR
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