Google to slash amount it avoids sales on its cloud market: Report

The Google Cloud Platform is cutting its percentage income share to 3% from 20%, CNBC stated, mentioning a person knowledgeable about the matter.

Reuters

September 26, 2021 / 10:53 PM IST

G Cloud

< img class =" MC_img" src =" https://images.moneycontrol.com/static-mcnews/2021/09/G_cloud-770x433.jpg?impolicy=website&width=770&height=431" alt title width =" 100%" height="vehicle" > Alphabet Inc’s Google will cut down on the quantity of revenue share it keeps when customers buy software from other vendors on its cloud market, CNBC reported on Sunday.The Google Cloud

Platform is cutting its percentage revenue share to 3% from 20%, CNBC said, citing a person acquainted with the matter. “Our objective is to supply partners with the very best platform and most competitive incentives in the market,” a Google representative informed CNBC in an e-mail.” We can validate that a modification to our Market fee structure is in the works, and we’ll have more to share on this soon.” Google did not react to a Reuters ask for comment.Earlier this year, Google cut the service cost it charges designers on its app shop by half on the first $1 million they make in profits in a year. Released at Sun, 26 Sep 2021 12:20:01 -0500