...Computing Big Bangs Volume Effects = Cloud Revenue Re-Accelerating +58% vs. +54% Q/Q Cloud Service Revenue –Amazon + Microsoft + Google $10B 100% $8B 75% nue e th $6B Rev 50% Grow /Y obal$4B Y Gl 25% $2B $0 0% Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 2015 2016 2017 2018 Amazon AWS Microsoft Azure Google Cloud Source: Amazon AWS = Company filings, Microsoft Azure = Keith Weiss @ Morgan 185 Stanley (4/18), Google Cloud = Brian Nowak @ Morgan Stanley (5/18). Note: Google Cloud revenue excluded in Y/Y growth rate calculation due to limited quarterly estimates.