Google Cloud CEO Thomas Kurian says the Chocolate Factory's rental computing business has $106 billion of unfulfilled contracts, and he expects Google Cloud will be able to realize about half of that in revenue within two years.

Speaking at the Goldman Sachs Communacopia and Technology Conference in San Francisco on Monday, Kurian said : "So our remaining performance obligation, or backlog [as it] is sometimes referred to, is now at $106 billion. It is growing faster than our revenue. More than fifty percent of it will convert to revenue over the next two years."

In July, Google parent Alphabet reported [PDF] $13.6 billion revenue for Google Cloud in Q2 2025, up 32 percent from the same period a year earlier. If Kurian is correct – and his statements were preceded by the boilerplate warn

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