Microsoft, Amazon and Google “Will Beat Their Numbers” as a $2 Trillion Cloud Backlog Builds

A Bloomberg Intelligence analyst forecast stronger cloud growth and earnings for Microsoft, Amazon and Alphabet, citing a large reported backlog and constraints on computing capacity.

• Mandeep Singh of Bloomberg Intelligence cited a combined reported backlog of about $2.35 trillion for Microsoft, Oracle, Google Cloud and AWS; he rounded it to $2 trillion.· 1 source
• The report listed individual backlogs of $678 billion for Microsoft, $664 billion for Oracle, $514 billion for Google Cloud and $496 billion for AWS.· 1 source
• The article identified power and chips as risks to converting backlog into revenue and said Alphabet and Microsoft were due to report October 28, followed by Amazon on October 29.· 1 source