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For cloud giants, usage soars but tech investment delays hobble revenue growth – Source Reuters Tech News

(Reuters) – 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.

FILE PHOTO: The logo of Amazon Web Services (AWS) is seen during the 4th annual America Digital Latin American Congress of Business and Technology in Santiago, Chile, September 5, 2018. REUTERS/Ivan Alvarado/File Photo

The world’s three leading cloud services providers – Amazon.com Inc’s (AMZN.O) Amazon Web Services, Microsoft Corp’s (MSFT.O) Azure and Alphabet Inc’s (GOOGL.O) 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 million since early March.

But at the same time, the companies have seen a drop-off in new…

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Source Reuters Tech News

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