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

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