Alphabet Inc.’s Google cloud computing division has up to $106 billion in commitments from existing customer contracts that it has yet to fulfill, according to the division’s Chief Executive Officer, Thomas Kurian.
At least 55%, or $58 billion, is expected to turn into revenue earned by the company over the next two years as those services are delivered, Kurian said Tuesday. “It’s growing faster than our revenue,” he added. “So not only are we growing revenue, but we’re also growing our remaining performance obligation.”