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For cloud giants, usage soars but tech investment delays hobble revenue growth

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The companies have seen a drop-off in new contracts from big clients for server storage and to overhaul technology As lockdown orders force billions of people to work, learn and play from home during the novel coronavirus outbreak, usage has surged for the cloud computing services that power video conferencing, streaming television and online games.

The world's three leading cloud services providers - Amazon.com Inc's Amazon Web Services, Microsoft Corp's Azure and Alphabet Inc's Google Cloud - have all seen demand for their services jump.

In particular, peak daily usage for Google's Meet videoconferencing tool has shot up 30-fold since January while the number of daily users for Microsoft's Teams chat system has more than doubled to 75

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COVID-19
United States
United States
Cases: 46 252 513
Deaths: 750 423
Recovered: 0
India
India
Cases: 34 321 025
Deaths: 459 652
Recovered: 0
Brazil
Brazil
Cases: 21 835 785
Deaths: 608 235
Recovered: 0
United Kingdom
United Kingdom
Cases: 9 215 683
Deaths: 141 607
Recovered: 0
Russia
Russia
Cases: 8 494 589
Deaths: 237 619
Recovered: 0
Detail statistic
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