Thomas Kurian said; "Our existing customers have increased their spending after making a commitment to us; Their actual spending is about 50% higher than the promised amount
Thomas Kurian said: "Our existing customers have increased their spending after making a commitment to us. Their actual spending is about 50% higher than the promised amount. This is due to the differentiated advantages of our product portfolio and our strength in marketing execution, which is also directly reflected in the growth of both our revenue and operating profit." This excess spending has driven the explosive growth of its cloud business, with revenue from this business unit soaring 82% year-on-year. (CNBC)