On August 1, the U.S. Department of Justice introduced thatapproveGoogle USD 5.4 billion (roughly RMB 36.504 billion)The acquisition of cybersecurity agency Mandiant — Google’s second-largest acquisition in historical past, after the $12.5 billion acquisition of Motorola’s cell phone unit Mobility in 2011. Google’s third-biggest acquisition was Nest, a maker of good dwelling merchandise, for $3.2 billion in 2014.
According to Google, the corporate’s administration expects toComplete the deal by the top of the yrMandiant shall be included within the safety portfolio of Google’s cloud enterprise.
On March 8 this yr, Google introduced that it will purchase Mandiant, a cybersecurity firm, for $23 per share in money, for a complete transaction worth of about $5.4 billion, together with Mandiant’s internet money. Before Google’s official announcement, there have been numerous experiences on-line. After The Information reported that Google intends to accumulate Mandiant, Mandiant’s inventory value rose as a lot as 16%.
Mandiant, a well known risk intelligence firm within the cybersecurity discipline, launched the technical particulars of the SolarWinds provide chain assault for the primary time.
According to experiences, Mandiant’s personal enterprise has a definite US army background. Its founder, Kevin Mandia, is from the US Department of Defense, and lots of workers additionally come from the US intelligence group.
In 2013, after Mandiant was acquired by the highest community safety firm FireEye for $1 billion, it penetrated the TOG market extra deeply.Google’s acquisition of Mandiant could convey wealthy U.S. authorities orders to it sooner or later.
Currently, Google Cloud, Amazon AWS and Microsoft Azure are the highest three public cloud gamers on this planet. However, though Google, a search firm, ranks third within the cloud computing market, there’s a clear hole between it and the highest two.
As early as 2017, Diane Green, the pinnacle of Google’s cloud division, put ahead a imaginative and prescient: to surpass the cloud computing market chief AWS cloud by July 31, 2022.
So far, not solely has this purpose not been achieved, however Diane Greene has additionally resigned in 2018.
In December 2019, Thomas Kurian, who resigned as president of product improvement from Oracle and took over the working keys of Google Cloud from Diane Greene, made a five-year plan for Google Cloud: “Google Cloud’s goal is to To be at least the second largest cloud, and to be the second largest in the world, means we have to move beyond Microsoft Azure and close the gap with market leader Amazon AWS.”
Now, almost three years have passed, and Kurian’s goal has not been achieved.
According to data recently released by Synergy Research Group, global enterprise spending on cloud infrastructure services reached $54.7 billion (368.9 billion yuan) in the second quarter of 2022, a year-on-year increase of 29%.
As of the second quarter of 2022, AWS is the global leader in cloud infrastructure services revenue with a 34% global market share. Microsoft Azure’s cloud market share is 21%,Google Cloud is third in the market with a 10% share.
In addition to the three giants, Alibaba Cloud has a 5% share, IBM and Kyndryl have a 4% share, Salesforce has a 3% share, Tencent has a 3% share, and Oracle has a 2% market share.
While market share fell short of expectations, Google Cloud has long been seen as Google’s second growth curve.
On July 27th, according to foreign media reports, on Tuesday, local time, Google parent company Alphabet announced its financial report for the second quarter of 2022 as of June 30th. The company’s second-quarter revenue was $69.7 billion, up 13% from a year earlier, but below Wall Street’s estimate of $70.35 billion, the report showed.
It is worth noting that compared with the 62% year-on-year growth in the second quarter of 2021, this year’s 13% growth is insignificant, and even the lowest year-on-year growth rate since the end of 2020.
Alphabet and Google CEO Sundar Pichai said the search and cloud businesses once again drove the company’s bottom line. According to the financial report, in the second quarter, revenue from search and other businesses was $40.7 billion, an increase of 13.7% year-on-year; YouTube advertising revenue was $7.34 billion, an increase of 4.8% year-on-year; Google Network revenue was $8.26 billion, a year-on-year increase 8.7%; Google Cloud’s revenue was $6.28 billion, a year-on-year increase of 36.52% compared to $4.6 billion in the same period last year.
But this quarter, Google Cloud’s operating profit continued to explode, with a loss of $858 million, 45% higher than last year’s loss of $591 million.
In contrast, Google Cloud’s biggest competitors, Amazon and Microsoft, have operating profit margins of more than 20%. According to Microsoft’s financial report released on the same day, revenue from Azure and other cloud services increased by 40% year-on-year in the second quarter.
However, Google, which is inspired to become the second largest cloud, has been actively investing heavily in cloud computing business in recent years, in order to win in the field of cloud computing, but it has never conducted large-scale transactions and acquisitions.
In the two biggest acquisitions of 2018 — IBM’s $34 billion purchase of Red Hat and Microsoft’s $7.5 billion purchase of GitHub — Google negotiated, but failed to reach a deal.
Missing out on a great acquirer has also made Google more passive inside.
At the same time, there seems to be some conflict within Google’s cloud business. According to Insider statistics, since Kurian took the helm of Google Cloud in 2018, nearly 30 corporate vice presidents have left. Dissatisfaction with top managers is said to be the reason these vice presidents left.
At current, a few of Google Cloud’s departing executives embody: former Google Cloud gross sales president Robert Enslin, former Google Cloud VP of buyer expertise John Jester, Google Cloud CFO Steffan Tomlinson, former Google Cloud European and Central African enterprise leaders Sanj Bhayro, Former Google Cloud UK and Ireland General Manager Pip White, former Google Cloud Media Director Liens Ceulemans, former Google Cloud Marielle Lindgren, and former Google Cloud Alpine CEO Christian Martin.
Source: www.ithome.com
