Google cloud acquired a company called cornerstone technology, which can provide products and services to mainframe customers. Google claims that the acquisition can help customers transfer mainframe load to Google cloud.
What is the purchase price? Google did not disclose. In fiscal year 2019, Google cloud business generated revenue of US $8.92 billion and US $2.61 billion in the fourth quarter; in 2018, Google cloud business generated revenue of US $5.84 billion and US $1.71 billion in the fourth quarter of 2018.
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