Google, Amazon and Microsoft may have a ‘spending’ problem

Google, Amazon and Microsoft are the biggest players in the cloud computing market. The industry has seen a boom in digital-first strategy wherein customers are increasingly relying on cloud-based offerings. However, the economic downturn has also had an impact on spending by enterprises.

According to a report by CNBC, these leading cloud vendors said that their clients are looking for ways to trim cloud spending, resulting in slowed revenue growth in the cloud divisions.

AWS saw deceleration in the third and fourth quarters, and last quarter Microsoft finance chief Amy Hood told analysts about a slowdown in December that is expected to persist.