Google finally looks to have its enterprise growth strategy nailed down, and the right team in place backing cloud chief Diane Greene's transformative vision.
Google Cloud Platform is consistently posting triple-digit growth – GCP again exceeded 100 percent year-over-year revenue expansion in the last quarter, according to Synergy Research.
Enterprise customers are now looking to Google Cloud for mission-critical projects and full migrations, including moving data from on-premises data centers to the cloud, Google CEO Sundar Pichai told investors in the company's earnings call.
That success has generated the highest growth in headcount and capital expense of all parent Alphabet's businesses, Pichai said.
Google is now providing the "heavy lifting" that helps meet enterprise IT requirements, Pichai said, thanks to Greene having built world-class sales, marketing and engineering teams.
Ruth Porat, Alphabet's CFO, told investors on the call that Google Cloud is one of the fastest-growing Alphabet businesses. But Google can still only claim five percent of the overall infrastructure hosting market. While the Internet giant is the third-largest public provider, IBM holds larger share in that category -- roughly 8 percent -- when counting its base of private cloud customers, according to Synergy Research.