Google Cloud hits $1 billion in quarterly revenue, but still lags behind AWS

Google CEO Sundar Pichai announced today that the tech giant’s cloud division reached a significant milestone during the last quarter of 2017: it is now making $1 billion per quarter selling computing services to other businesses.
Pichai believes that Google Cloud is the fastest growing major provider on the market. The division is certainly making big wins: Pichai said that the company closed more than three times as many deals worth over a million dollars during the last year as it did i