Google takes on Amazon by cutting cloud service prices

SAN FRANCISCO Tue Dec 3, 2013 11:47pm IST

A visitor walks under a model symbolising a cloud at the booth of Germany's ministry of economy on the CeBit computer fair in Hanover March, 5, 2013. REUTERS/Fabrizio Bensch/Files

A visitor walks under a model symbolising a cloud at the booth of Germany's ministry of economy on the CeBit computer fair in Hanover March, 5, 2013.

Credit: Reuters/Fabrizio Bensch/Files

Related Topics

Stocks

   

SAN FRANCISCO (Reuters) - Google Inc (GOOG.O) will lower prices on cloud services as the search giant gears up to take on Amazon.com Inc (AMZN.O), International Business Machines Corp (IBM.N) and Microsoft Corp (MSFT.O) in the fast-growing market of Internet services for corporations.

In a Monday blogpost, Google outlined key features and pricing for "Compute Engine," part of a broader service that vies with Amazon's AWS in providing storage and computing power to corporate clients as inhouse datacenters are gradually phased out.

It will lower prices 10 percent on most standard services, and 60 percent on high-end data storage. Google said the service was now "generally available," signaling that it meets internal standards and is ready for a wider rollout.

It is "embarking on a significant multi-billion infrastructure-as-a-service opportunity," analyst Colin Sebastian of R.W. Baird wrote. "Google is positioned to become the next large player in cloud services, with a robust platform of application, platform and infrastructure services, competing for an increasing share of the IT spending pie."

(Reporting by Edwin Chan; Editing by Richard Chang)

FILED UNDER:
Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.

  • Most Popular
  • Most Shared

REUTERS SHOWCASE

Mt Gox Update

Mt Gox Update

Mt Gox set to liquidate as court denies rehabilitation.  Full Article 

New Culture

New Culture

New CEO Nadella pushes data culture at Microsoft.  Full Article 

Upbeat on S5

Upbeat on S5

Samsung executive says Galaxy S5 to outsell S4, sees Q2 rollout for Tizen phone.  Full Article 

Mobile Safety

Mobile Safety

Smartphone makers, carriers embrace anti-theft initiative.  Full Article 

Bitcoin Saga

Bitcoin Saga

Defunct bitcoin exchange Mt. Gox files for liquidation - WSJ.  Full Article 

Yahoo Result

Yahoo Result

Yahoo's growth anemic as turnaround chugs along.  Full Article 

Tech Acquisition

Tech Acquisition

Twitter buys social data provider Gnip, stock soars.  Full Article 

Leave Steve Out

Leave Steve Out

Keep Steve Jobs' personality out of trial - tech companies.  Full Article 

Beating Estimate

Beating Estimate

Intel's first-quarter net profit falls but beats Street.  Full Article 

Reuters India Mobile

Reuters India Mobile

Get the latest news on the go. Visit Reuters India on your mobile device.  Full Coverage