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Thomas Kurian, the new boss of Google Cloud Computing, is expected to attend a conference on Goldman Sachs technology in San Francisco on Tuesday, as more and more speculation that Google buys a large software company.
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An old Oracle (ORCL), Kurian took the lead of Google's cloud computing division in early January. It seems to be Kurian's first public appearance at a financial conference since he took the helm.
When Google-parent Alphabet (GOOGL) announced a profit on Feb. 4, but management had little to say about the Google Cloud Computing policy changes. Analysts expect Kurian to attend the Goldman Sachs conference on Tuesday at 11:15 am (ET). A webcast is available here.
"We believe that investors are largely expecting Google to become more aggressive in cloud acquisitions," said Raymond James badyst Aaron Kessler in a report to his clients.
Google Shopping for a software company?
Google's acquisitions from 2015 to 2018 slowed compared to the previous four years.
Analysts have mentioned ServiceNow (NOW), Atlbadian (TEAM) or Splunk (SPLK) as possible targets for Google's cloud computing unit. With an acquisition, Google would get a business clientele and sellers.
Google traces Amazon Web Services, a part of Amazon.com (AMZN), and Microsoft (MSFT) in the cloud computing services market. To date, many of Google's cloud customers are technology companies.
Google's goal is to entice businesses with data badytics and artificial intelligence tools based on the cloud.
In its recent February 4 Alphabet call for results, management highlighted new customers won by Google's cloud computing unit. Google said the number of cloud contracts worth more than $ 1 million and the number of multi-year contracts signed had more than doubled from the previous year.
The Google action has risen slightly by 0.5% to reach 1,108.35 today. In 2019, Google shares climbed 5.5%.
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