Google, Oracle to join Amazon and Microsoft on Pentagon cloud bids

  • The Defense Dept. has invited Alphabet (GOOG, GOOGL) and Oracle (NYSE:ORCL) to join bidding on its heavy cloud contract, alongside Amazon .com (AMZN) and Microsoft (NASDAQ:MSFT).
  • The Joint Warfighter Cloud Capability contract is the one built to replace the $10 billion JEDI contract, scrapped by the Pentagon after controversy over its award to Microsoft .
  • The news is notable for a couple of reasons. Alphabet has been inching closer to the Pentagon just a few years after heavy employee pushback spurred the company to back off from Project Maven, set to tap Alphabet artificial intelligence to analyze drone surveillance footage.
  • At that time, CEO Sundar Pichai said the company would continue to seek government work, and bidding on the Pentagon's new cloud contract would be the biggest milestone yet on that path.
  • And the conspicuous absence among hyperscale providers is IBM ( IBM ). After the dispute over JEDI, conventional wisdom pointed to an "everybody wins" approach where all hyperscale providers might have a piece in a new contract structured for multiple companies.
  • Contracts on the JWCC are likely to be awarded by April.
  • Thomas Kurian, chief of Alphabet 's cloud division, met with the Pentagon a couple of weeks ago signaling the company's interest in bidding on the pact.

    For this year the company from Mountain View could earn a total revenue around 254.11 billion USD. This is according to the average of the analysts' estimates. This is quite more than 2021's revenue of 182.53 billion USD.

    Historical revenues and results Alphabet plus estimates 2021

    koersdata

    The analysts expect for 2021 a net profit of 73.44 billion USD. According to most of the analysts the company will have a profit per share for this book year of 108.7 USD. So the price/earnings-ratio equals 27.4.

    Analysts don't expect the company to pay a dividend. The average dividend yield of the internet companies is a low 1.45 percent.

    Alphabet 's market capitalization is based on the number of outstanding shares around 893.05 billion USD. 72

    On Friday the stock closed at 2978.53 USD.

    Historical stock prices Alphabet

    stock analysis alphabet

    ValueSpectrum.com News Wire & Equity Research: +31 084-0032-842
    news@valuespectrum.com

    Copyright analist.nl B.V.
    All rights reserved. Any redistribution, duplication or archiving prohibited. analist.nl doesn't warrant the accuracy of any News Content provided and shall not be liable for any errors, inaccuracies or for any actions taken in reliance thereon.

    • Other stock news
    Analysts expect over 2024 revenue increase Alphabet
    Alphabet this year on track for record sales
    Will ChatGPT be the end of Google’s search engine?
    Google buys startup Raxium for future AR, MR devices
    Google drops plan to offer bank accounts
    Analysts expect over 2021 rising revenue Alphabet
    Google Pay makes cross-border payment push with Western Union and Wise
    Sector news
    Analysts foresee more revenue Roularta, relatively high dividend
    Analysts expect over 2024 revenue increase Alphabet
    Analysts expect revenue increase Cars.com Inc
    Wolters Kluwer this year on track for record sales
    RELX's sales on record level according analysts' estimates
    Alphabet this year on track for record sales
    Analysts estimate for 2023 decreasing sales Comcast
    National news
    NXP reaps benefits from FRAMOS collaboration
    Tesla net onder de 500.000 cars per year
    Analysts expect over 2024 revenue decrease Caterpillar
    Analysts expect sales decline Biogen
    Analysts anticipate for 2024 on revenue increase Cognizant
    Analysts expect over 2024 growing sales Colgate-Palmolive
    Analysts expect over 2024 revenue expansion Patterson-UTI Energy, relatively high dividend
    Press news
    Test News
    Original-Research: THE NAGA GROUP AG (von NuWays AG)
    Original-Research: Marley Spoon Group SE (von NuWays AG)
    Swiss Re agrees to sell iptiQ's European P&C business to Allianz Direct
    PNE sells Papenrode wind farm to Qualitas Energy
    clearvise AG shows stable operating performance in the first nine months of 2024 and confirms full-year outlook
    Exasol achieves positive EBITDA for the third consecutive quarter, full-year outlook confirmed and substantiated
    Logoanalist
    Returns European stocks
    Crypto currencies information
    About us Network Partners
    Fpgroup.nlinfo@analist.nlRSS feedContactIntellectual Property Photos Analist.nlLinksISIN
  • Glossary
    		• MorningstarPrudena.comAAII.comNASDAQvwd GroupEuronextBATS Chi-xBats
    ©2024 ValueSpectrum. All Rights Reserved
    Developed and maintained by  Velainn logo