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Main article: Yandex.Cloud (Yandex Cloud)
2024: Revenue growth by 1.5 times to 19.8 billion rubles
At the end of 2024, the Yandex Cloud cloud platform recorded revenue of 19.8 billion rubles. This is about one and a half times - by 48% - more than the previous year, when 13.3 billion rubles were received. This is stated in the financial report published at the end of March 2025.
Yandex notes that the cloud business is one of the fastest growing in the company's ecosystem. Significant positive dynamics is due to an increase in demand for platform services from large customers, the emergence of new services, as well as the introduction of solutions that can be deployed on the client's own servers (on-premieses).
 | In 2024, we developed not only new product areas, but also began to expand options for the supply of services. So, some of the Yandex Cloud tools have become available for local deployment - on-premieses. We intend to actively increase the number of services supporting this delivery model, "says Alexander Chernikov, CEO of Yandex Cloud in Russia and the CIS. |  |
At the end of 2024, the number of Yandex Cloud customers increased 1.5 times, exceeding 44 thousand. At the same time, large organizations provided about 51% of total revenue. Another 34% fell on medium-sized enterprises, 12% - on small companies. The total share of all other customers is estimated at 3%.
The most active industries in terms of consumption of Yandex Cloud services remain representatives of the retail sector, IT companies and: banks together they provided a share of 77%. At the same time, the largest growth in consumption is demonstrated by media, insurance companies, as well as organizations in the field. In 2024, the health care number of active Yandex Cloud partners reached 674, an increase of 1.3 times over the previous year. Revenue from the partner channel rose 1.8 times.[1]
2023: Revenue growth 1.7 times to 13.3 billion rubles
The revenue of Yandex.Cloud at the end of 2023 increased 1.7 times and reached 13.3 billion rubles. The growth rate of the public cloud platform is twice as fast as the growth of the cloud services market in Russia. In turn, the number of users increased 1.2 times - up to 29.3 thousand. This was announced on March 19, 2024 by representatives of Yandex.Cloud to the TAdviser portal.
According to them, 46% of the revenue of the cloud platform fell on large businesses, 39% - on average, 15% - on small businesses and individual users. The leaders in the use of cloud technologies are retail, IT, banks. These industries accounted for 77% of Yandex Cloud service consumption in 2023. Industrial and insurance companies, as well as media, are moving more actively from other industries to the clouds. The industry has increased the consumption of Yandex Cloud services 1.6 times, insurance - 2 times, media - 1.7 times.
At the same time, the demand for platform services is actively growing PaaS (): in 2023, Yandex Cloud customers increased the consumption of services of this group by almost 2 times, the company noted. Thus, the revenue of platform services, and data safety machine learning increased 1.7 times, 2.5 times and 1.6 times, respectively. Yandex Cloud sees the development of generative (LLM) as one of the promising areas neuronets. In 2023, more than 2.4 thousand companies began piloting a service for YandexGPT API business tasks. They test a generative neural network to create and, chat boats answer virtual assistants user questions, summarize and interpret data from work chats, reviews, online meetings, analyze and classify user requests, generate a description of goods on and many Marketplaces other tasks.
Yandex Cloud is developing a group of data platform services as an end-to-end solution for complex data tasks. So, according to the company, in the second half of 2023 alone, the capabilities of this group of services expanded significantly: Command Center in Managed Service for Greenplum allowed developers and administrators to analyze the performance of Greenplum DBMS; Yandex Managed Service for Apache Airflow combined all stages of working with data on the Yandex Cloud platform into a single process, and Yandex WebSQL helped centrally work with all databases.
Machine learning services are also actively developing on the cloud platform. In 2023, Yandex Cloud launched Yandex SpeechSense, a voice analytics service to improve the quality of call centers and reduce communication analytics costs, and also opened access to the YandexGPT API for business - first in request testing mode, and then for all users.
Yandex Cloud pays special attention to security. In 2023, Yandex Cloud invested 820 million rubles in security. The cloud platform was supplemented by three new services: Yandex Lockbox for storing secrets, Vulnerability Scanner and Smart Web Security for safe work in the cloud and protecting web applications from DDoS attacks. In addition, Yandex Cloud has confirmed compliance with the PCI DSS v4 security standard, as well as the enhanced (1) level of information protection and the fifth level of compliance with GOST 57580.
The number of Yandex Cloud integrator partners has grown 1.3 times over the year - to 534.
More than 300 startups - 1.5 times more than a year earlier - received grants from the Yandex Cloud Boost startup support program in the amount of 103 million rubles.
In December 2023, the cloud platform launched Yandex Cloud Boost AI, a grant program to use the YandexGPT API. In the last two weeks of 2023, 121 companies applied for a grant to use the YandexGPT API in a number of scenarios, including generating product descriptions on marketplaces, scoring candidate resumes, summarizing online meetings, working with legal documents, and technical support.
More than 21.2 thousand students studied cloud competencies as part of their own Yandex Cloud educational programs. Over the entire existence of the programs, more than 36.2 thousand people graduated from the courses.
Yandex Cloud continues to support more than 70 Russian universities with cloud expertise, including Moscow State University, HSE, ITMO, St. Petersburg State University, St. Petersburg State University, Ural Federal University and many others. Over the 2023 year, more than 9000 thousand university students have studied on platform technologies.
2022
Revenue growth 2.7 times to 7.8 billion rubles
The revenue of Yandex.Cloud at the end of 2022 increased 2.7 times to 7.8 billion rubles (revenue from financial statements for 2021-2022 excluding VAT). In the ranking " TAdviser100: The largest IT companies in Russia 2023," such an indicator allowed the company to take 67th place.
The number of customers increased 1.5 times to 24.4 thousand. The average check per user of the Yandex Cloud cloud platform increased by 56%, and the real consumption of the platform's cloud services as a whole doubled. Representatives of Yandex.Cloud shared such data on March 15, 2023 with TAdviser.
According to them, the leaders in terms of the size of the average check of cloud services remain the banking industry and retail. Over the past year, companies in these industries have increased this figure by 4 and 2 times, respectively. In 2022, they actively transferred development to the clouds: they launched new digital products from scratch and flexibly scaled existing ones.
Photo: yandex.ru
For its part, industry, transport and logistics companies in 2022 began to actively increase the average consumption checks of the platform's cloud services. The industry has increased the use of clouds 9 times, and transport and logistics companies - twice. Both needed flexible tools to automate orders, analyze data, and develop software to build logistics.
| | "Throughout 2022, our team worked to help our customers respond more quickly to the challenges their business faced last year. We provided our users with support, resources and new services, expanded the capabilities of existing ones, "said Alexey Bashkeev, head of the Yandex Cloud platform. - We saw that in 2022 even more companies began to switch to cloud technologies to launch new services. At a time when companies needed to quickly change approaches, increase the speed of product launch, have the opportunity to scale them, we helped maintain the stability of their business. " | |
The revenue contribution of the cloud platform continues to be distributed approximately evenly between large companies and medium and small businesses. The share of consumption of cloud services by Yandex companies in the total revenue of Yandex Cloud in 2022, as in 2021, still does not exceed 5%, which corresponds to the development strategy of Yandex Cloud as a public cloud platform for external users.
According to a regular survey of user satisfaction in February 2023, 76% of customers see Yandex Cloud as a cloud platform for long-term cooperation. The platform continues to pay special attention to the quality of technical support. Thus, according to the company's estimates, by the end of 2022, the speed of response increased 4 times, the speed of decision on appeals increased by 26%, and the number of negative assessments based on the results of the decision of appeals decreased 5 times.
| | "In 2022, not only did the number of customers using Yandex Cloud grow significantly, but the rate of consumption of services also increased. On the one hand, companies that already used the cloud were increasing consumption and could quickly scale or switch to cloud platforms as the main platform. On the other hand, businesses that did not use cloud technologies began to transfer their services to the clouds in order to diversify risks and ensure business continuity, "said Alexander Chernikov, Commercial Director of Yandex.Cloud. | |
Despite a sharp surge in demand for infrastructure services (IaaS) in the first half of the year amid the suspension of international providers and IT solution providers, throughout 2022, Yandex Cloud users actively increased their consumption of platform services (PaaS). The fastest growing in terms of consumption rates were, according to Yandex.Cloud, container development (Managed Service for Kubernetes) and a data platform - a group of services for collecting and analyzing data. Thus, in 2022, the consumption of infrastructure services increased 2.7 times, data platform services and container development - 3.3 and 2.9 times, respectively.
The number of data platform clients has grown 1.3 times. As explained in the company, such growth is due to the increased demand for tools that provide high-quality data analytics - from data collection and structuring to their visualization and development of machine learning models. The leaders in the growth of the check of this group of services were banks, industrial companies and companies from the telecom and media sectors.
In turn, the number of Managed Service for Kubernetes clients has grown 1.6 times. Kubernetes and microservice architecture allowed users to quickly create more flexible applications that are easier to deploy and easily scale.
The use of Machine Learning services increased by 30%. One of the most popular services was Yandex SpeechKit. In 2022, companies in various industries (banks, retail, media and others) used a speech recognition and synthesis service to create voice assistants, automate call centers, quality control and other tasks.
The demand for Yandex Cloud business tools has increased significantly. At the end of 2022, the number of user companies of the Yandex Tracker project management service increased 2.8 times. The number of users of the Yandex DataLens data visualization and analysis service has almost tripled over the year.
As noted in Yandex.Cloud, Serverless is becoming a mature approach for hosting applications in the cloud, creating web applications, chat bots, and working with data. So, 2022 year the number of Serverless clients has grown 3 times, and more than 15% large Yandex Cloud clients are implementing serverless computing. Serverless consumption grew 7.5 times.
| | "In 2022, the Yandex Cloud cloud platform continued to develop actively to quickly provide users with up-to-date solutions based on our own development and help customers respond flexibly to any changes, maintain business growth. We launched new services and improved existing ones, paid even more attention to ensuring the security of customer data. In addition, we began construction in Kaluga of the new and largest Yandex data center - this year it will become a new point of availability for Yandex Cloud, "said Grigory Atrepyev, Product Director of Yandex.Cloud. | |
The number of Yandex Cloud partners increased by 62% over the year to 412 companies. The cloud platform partner program has new specializations, certification and training.
In 2022, thanks to Yandex Cloud educational courses, more than 15 thousand people studied cloud technology. Over the year, the number of graduates has grown more than 3 times. The cloud platform also expanded the education program by launching advanced cloud training for DevOps, Security and Data engineers. In addition, the company developed partner support for cloud training on third-party sites. So, in 2022, the Yandex Cloud team supported more than 40 programs with cloud expertise, including Workshop, Netology, OTUS, SkillFactory, Slurm and others, as well as 45 Russian universities, including: RANEPA, SPBGETU LETI, ITMO, SPbPU and many others.
Revenue growth for the first half of the year 3 times - up to 3.2 billion rubles
On August 3, 2022, Yandex.Cloud shared with TAdviser the results of its activities for the first half of 2022. Thus, the company's revenue for 6 months of 2022 amounted to 3.2 billion rubles, which is 3 times higher than in the same period in 2021. Yandex.Cloud for the first time received a positive profit indicator at the adjusted EBITDA level.
The contribution to the revenue of large companies and medium and small businesses remains equal - 50% each. The share of consumption of cloud services by Yandex companies in the total revenue of Yandex Cloud in the first half of 2022 does not exceed 5%, as a year earlier.
The number of platform clients increased by 89% compared to the first half of 2021 - to 23.1 thousand users. Real consumption cloudy of services Yandex Cloud increased by 115%. Users are actively transferring a significant part of IT their solutions to the cloud - both internal and client, and after getting acquainted with the platform, they are increasing the number of projects developed initially in the cloud.
According to the company's estimates, the pace at which current and new customers are increasing their consumption of cloud platform services is growing significantly. Yandex Cloud has seen this trend since the beginning of 2021. In 2021, the average check per client increased by 104% compared to 2020. In the first half of 2022 - by another 64%.
At the same time, the increase in prices for certain groups of services from May 2022 slightly affected the growth of the average check in the first half of 2022. A more significant effect was the fact that Yandex Cloud customers are more actively using the platform to create and further operate business-critical services, and not just for experiments in a test environment. In addition, according to the results of a regular survey of user satisfaction for the first half of 2022, for 72% of customers, Yandex Cloud is a platform for long-term cooperation.
Banks, retail and IT companies retain leadership in the use of cloud services. At the same time, in the first half of 2022, new industry leaders appeared in terms of the growth rate of consumption of Yandex Cloud services - industry, healthtech, transport and logistics.
Over the past 1.5 years, industrial companies have become more active in using machine learning and Managed Service for Kubernetes to automate the deployment, scaling and management of containerized applications. Having increased the real consumption of cloud services in the first half of 2022, companies in this industry doubled the average check.
The average check in the segment transport and logistics increased by 2 times. This industry uses cloud services most often to localize data service systems and automate communications with passengers.
For companies in the healthtech segment, the average check increased 2.7 times. This industry is especially active in using services to work with data in the cloud - the average check for consumption of this group of services has grown 4.3 times. to medicine The platform is used for secure storages and sensitive data processing, as well as for quick hypothesis testing and scaling. infrastructures
According to representatives of Yandex.Cloud, in the first half of 2022 there was an additional demand for infrastructure services against the background of the suspension of the activities of international providers. At the same time, Yandex Cloud customers continued to actively increase consumption of PaaS services, so the distribution of IaaS and PaaS shares remained at the same level as in 2021. In the first half of 2022, the share of revenue of Yandex Cloud IaaS services amounted to 55%, as a year earlier.
The companies continue to switch to a microservice architecture, and therefore the consumption of Container Development services has increased 3 times compared to the same period in 2021. At the same time, the consumption of the group's main service - Managed Service for Kubernetes - in the first half of 2022 increased by 259%. Increasingly, it is used in conjunction with services for managing databases.
The Data Platform Group also remains one of the fastest growing in 2022. In the first half of 2022, the consumption of services of this group increased 2.5 times. Enterprise customers who store and process data use cloud services for dynamic pricing, product analytics, log analysis, all types of reporting, and recommendation system development. Data services use 3.4 thousand customers.
The point of increase in consumption in the "" group Machine learning was the scenarios related synthesis to and. speech recognition In absolute figures in the first half of 2022, consumption Yandex SpeechKit growth amounted to almost 60%.
There is a growing demand for the full range of Yandex Cloud platform tools - from services for business transformation and rapid creation of digital products to business applications.
Thus, the number of accounts in the Yandex Tracker project management system in the first half of 2022 increased 5.7 times compared to the same period in 2021. Focusing on the needs and wishes of users, this year the Yandex Cloud team added more than 100 improvements to the service. Over the past year, the number of activated accounts in the Yandex DataLens data visualization and analysis service has grown more than 3 times and exceeded 7 thousand. Yandex DataLens is used by companies of various industries and sizes - from small technology startups to large banks and federal retail chains.
One of the platform's priorities remains the popularization of the services of the "Serverless Computing" group. More than 15% of large paying customers already use the Yandex Cloud serverless development tools, which allow you to work with data, create web applications and chatbots.
In the first half of 2022, the number of Yandex Cloud partner companies increased by 25% to 320. To help integrators work most effectively with customers, the company has added technology specializations in focused product areas to the partner program. The program also includes partner tools that protect investments in the development of Yandex Cloud practices, including deal registration, online partner training, co-financing programs for client migration to the platform and co-marketing.
To develop the competencies necessary to use the cloud platform, since 2021 Yandex Cloud has been developing its own educational program and is a partner in cloud technology training on third-party sites: Netology, OTUS, SkillFactory and others. In addition, the company supports the training of students in universities. For example, the Yandex Cloud course "Cloud Services Engineer" is taught at five top Russian universities. Thanks to the support of Yandex Cloud, more than 7.7 thousand graduates are trained in cloud technology. Only in the first half of 2022, their number doubled.
Yandex Cloud continues to support a grant program for IT startups and science projects. For 1.5 years, the company has provided almost 300 startups with cloud capacity in excess of 89 million rubles. In May 2022, Yandex Cloud launched a program to support small technology companies. Its task is to help lower the threshold for small and medium-sized businesses to enter cloud technologies during a difficult period. The program allows IT companies to quickly test business hypotheses, master new niches and create digital products and services. As part of the program, Yandex Cloud allocates resources for the development of IT projects. In the month and a half since the launch, 88 companies have applied for Yandex Cloud cloud resources.
| | "We continue to develop a cloud platform that gives users access to a full range of cloud services to optimize costs, create new digital products faster and transform businesses," said Alexey Bashkeev, CEO of Yandex Cloud. - We have expanded the portfolio of services, significantly expanded the functionality of some of the available ones. During the year, we are planning a number of more updates that we are working on. " | |
Yandex's cloud business has ceased to be unprofitable
In the 2nd quarter of 2022, the Yandex.Cloud business first went to profit (on the fast. EBITDA). This was Yandex announced on July 26 in a report on its quarterly results. The company does not disclose the amount of profit received.
Annualized revenue run rate of Yandex's cloud business in June 2022 amounted to 8.1 billion rubles. As explained by TAdviser in Yandex, this indicator is calculated by multiplying by 12 total revenues of the last reporting month (in this case, June), i.e. it is reduced to the annual one. The key figure is used for forecasts in financial planning.
Revenue in Q2 increased by 207% year-on-year. At the same time, the cloud business accounts for 95% of the total turnover from the B2B direction, follows from the Yandex presentation for investors.
In total, in the reporting period, Yandex.Cloud had 23.1 thousand customers constantly paying for services.
| | Yandex.Cloud revenues increased by 207% year-on-year due to an increase in demand for platform services from new and current customers, as well as due to the launch of new products, TAdviser explained in Yandex. | |
And going into profit, in addition to increasing revenue, allowed Yandex.Cloud to improve operating efficiency, the company told TAdviser.
In the 2nd quarter, in April, in particular, Yandex.Cloud raised prices in rubles and Kazakhstan tenge for its cloud services by an average of 40-60%, citing the unstable situation in the world in general and the economy in particular, as well as to increase the cost of purchasing network and server equipment "due to the growth of the exchange rate and the complexity in the logistics of supplies"[2]
Oleg Koverznev, Chief Operating Officer of Yandex.Cloud, noted in April that the company sees a steady increase in demand for cloud services in Russia: "market leaders and new players are coming to the clouds to achieve strategic goals - to accelerate the development and launch of digital products, create decision-making systems based on big data, and use AI-based services."
Against the background of growing demand for clouds DPC , operators also raised prices for some services Selectel. DataFort
2021
Revenue growth by 191.3% to 2,824 million rubles
At the end of 2021, the company's revenue. YandexCloud amounted to 2,824 million rubles, an increase of 191.3 compared to 2020, which allowed it to take 141 place in the ranking of TAdviser100: The largest IT companies in Russia 2022. The revenue from the financial statements for 2020-2021 is indicated. Without. VAT
Annual growth of 205%
In 2021, Yandex.Cloud's business revenue grew by 205%, according to a Yandex investor presentation released on February 15 by[3]. 94% of the turnover of this direction falls on B2B.
In absolute terms, the company does not give the actual annual turnover in the clouds, however, the materials for investors show the indicators of annualized revenue for the last month of each reporting period, starting from December 2019[4].
Yandex financiers previously explained to TAdviser that this indicator (annualized revenue run rate) is calculated by multiplying the total revenue of the last reporting month by 12 and is used for forecasts in financial planning. Based on this, you can find out the revenue from cloud services for the last months of the reporting periods shown on the graph. So, in December 2020, it amounted to about 150 million rubles, in December 2021 - about 391.6 million rubles, 161% more.
And in the 4th quarter of 2021, the turnover of the cloud direction increased by 174% year-on-year, Yandex reports.
Among the growth drivers in the company are the demand for cloud services from corporate clients against the background of digital transformation and the expansion of the base of customers who pay for services every month. In the 4th quarter of 2021, the number of such reached 16 thousand.
It also stimulated revenue to increase the consumption of value-added platform services, in particular DBMS and containers. This increased the share of PaaS services in total turnover - from 37% in Q4 2020 to 42% in Q4 2021[5]. Yandex told TAdviser that information about Yandex.Cloud growth drivers can be extrapolated to the whole of 2021.
In October 2021, IDC noted that in Russia, organizations are increasingly using public clouds to access new technologies such as containers, open source databases, big data analytics, artificial intelligence, security solutions and tools for working together on the Internet.
Analysts at the same time gave a forecast of the average annual growth rate (CAGR) of spending on public cloud services in Russia at 20.4% until 2025. Also, IDC predicted that PaaS will remain the most dynamic segment of this market during the forecast period, IaaS will be the second fastest IDC growth rate[6].
Yandex's cloud business has grown 3 times and is preparing to calculate revenue in billions of rubles
In the report for the 3rd quarter, Yandex published an annual forecast for revenue (annualized revenue run rate) from its cloud business: from September 2021 to September 2022, it will bring more than 3.4 billion rubles, the company expects.
The annualized revenue run rate is calculated by multiplying the total revenue of the last reporting month (in this case September) by 12 and is used for forecasts in financial planning.
In the quarterly report, Yandex calls the cloud business one of its fastest growing areas of turnover. In the 3rd quarter of 2021, it tripled in relation to the same period in 2020.
| | The main growth drivers were an increase in the number of new customers by 60% and an increase in the consumption of cloud services by corporate customers, Yandex explains in its Yandex[7]. | |
And quarter to quarter revenue growth amounted to 25%, according to the operating director of Yandex Vadim Marchuk[8]. According to him, at the end of the 3rd quarter of 2021, Yandex's cloud business had about 30 thousand active clients.
At the end of September, Alexey Bashkeev, CEO of Yandex.Cloud, said that for many of his clients Yandex.Cloud is the first cloud platform they tried, and the average consumption of cloud services for the year increased by 90%[9]. According to him, the most active users of the platform are representatives of the fastest growing industries - those industries where technology determines the very essence of the business.
One of the new large clients of Yandex.Cloud, which the company spoke about publicly, was Bank St. Petersburg, which decided to move part of the key IT processes to the Yandex cloud. In addition, in September, the company signed a contract with M.Video-Eldorado, under which the retailer's client products will be completely transferred to the Yandex.Cloud cloud.
Among the factors contributing to the influx of customers, the company includes certification. During a conference call at the end of October, dedicated to quarterly results, Vadim Marchuk noted that Yandex's cloud business received all the necessary certificates that allow working with personal data of Russian citizens, with financial organizations, state-owned companies, etc.
2020
Revenue -970 million rubles
At the end of 2020, the company's revenue. YandexCloud amounted to 970 million. rubles
Yandex revenue from cloud services increased 4.5 times
In 2020, the revenue of the Yandex.Cloud platform increased four and a half times and reached 1 billion rubles. This was announced by the company in February 2021. Yandex.Cloud chose not to comment on whether this direction went to profit in the same year. In 2019, it showed a net loss.
The number of commercial clients of Yandex.Cloud increased in 2020 compared to 2019 by 1.4 times and amounted to 9.7 thousand, and the average check of one client increased by 3 times during this period.
| | We highlight several main reasons for this growth. First, Russian and international companies have begun to more actively create and develop their own digital products. Secondly, many industries, for example, retail and e-commerce, faced a sharp increase in the burden on online services due to the pandemic and companies were looking in the clouds for the possibility of rapidly expanding the IT infrastructure, increasing productivity and resiliency, - explained in Yandks.Cloud. | |
60% of the platform's revenue fell on the most popular group of services - "Basic Infrastructure and Network," cited data in Yandex.Cloud. This group includes virtual machines, network drives, and virtual network management tools.
The contribution of the Machine Learning service group to the total turnover amounted to 14%, Data Platform - 12%, Automated Container Management - 7%. And another 7% of Yandex.Cloud's revenue in 2020 belongs to the marketplace and paid support.
Yandex.Cloud clarifies that the share of Yandex group companies in the revenue structure of the Yandex.Cloud platform in 2020 amounted to 4%. When calculating the indicator, only Yandex.Cloud consumption by Yandex Group services is taken into account according to general market conditions. The volume of consumption of resources of the internal cloud platform, localized for the tasks of companies and individual services of Yandex Group, is not taken into account in the revenue structure of Yandex.Cloud.
In 2020, the number of large clients of the Yandex.Cloud platform more than 2 times increased, and their consumption of Yandex.Cloud services increased almost 5 times. Large customers accounted for 48% of Yandex.Cloud's total revenue.
According to the project, 270 Yandex.Cloud customers belong to large consumers of cloud services. Among them are such companies as, for example, Leroy Merlin, Ozon, M. Video, VTB, SkyEng, HSE, etc. Such customers process large amounts of data, actively develop corporate and industry digital platforms to manage internal business processes, launch and support new applications and services.
Based on the experience of Yandex.Cloud, the company has identified 4 main scenarios for the consumption of cloud services by companies:
- Migrate enterprise applications and services from your own infrastructure to the cloud
- development of a unified environment for development, testing and launch of new business applications (digital products);
- Create an enterprise data platform for data storage, processing, and analysis
- application of services based on artificial intelligence and machine learning tools.
Yandex.Cloud believes that in the next few years, business will massively use clouds as holistic platforms, on which, on request, you can get all the necessary services to solve business development problems.
The company told TAdviser that they see a significant increase in competition in certain segments of the cloud market. The business associated with cloud services for mainly corporate clients has been developed in the past few years by other large companies whose main business is not related to the provision of IT services and products to this sector in a classic form. Among them Mail.ru Group and MTS.
The Russian cloud market is still moving towards saturation, significantly lagging behind the saturation level of Western markets, they shared their opinion with TAdviser in the company.
In the fall of 2020, IDC predicted that spending on public and private clouds in the Russian market will grow in 2020 by 21.8% year-on-year in dollars, and until 2025 will grow at a CAGR of 18.6%.
2019: Yandex.Cloud received its first major revenue, but has not yet made a profit
According to the Kontur.Fokus database, Yandex.Cloud, which develops Yandex's cloud-related business, received revenue of about 174 million rubles in 2019. Previously, the company did not disclose the financial indicators of its activities in absolute terms. In the first year of its operation, the company, created in 2018, earned 1.1 million rubles.
Yandex.Cloud has not yet reached a profit. In 2019, its net loss amounted to 13.2 million rubles, in 2018 - 4.6 million rubles. The company did not comment on when it expects to reach profitability.
Yandex.Cloud told TAdviser that during the year the number of paying customers in all segments steadily increased: large companies, medium and small businesses.
Earlier, the company reported that over the year the number of services it provides increased to 27. They can be divided into 4 groups:
- Scalable infrastructures are virtual machines and disks;
- Data processing and management services - databases, etc.
- services for creating cloud applications;
- machine learning and AI services.
The greatest demand remained for basic cloud services - IaaS, they say in Yandex.Cloud. At the same time, managed database services, Kubernetes, Yandex SpeechKit (speech synthesis and recognition) became the fastest growing.
Yandex.Cloud added that amid the pandemic and economic crisis in 2020, they retained growth themes.
| | In a crisis situation, not all companies have reduced consumption and frozen projects. On the contrary, in a number of areas it has grown, and companies have expanded their consumption of cloud resources to cope with the load. We also saw examples of how the speed of transition to cloud resources has increased - the crisis exacerbated the need to launch new digital products, the company explained to TAdviser. | |
At the end of 2020, Yandex.Cloud expects business growth that exceeds the medium-term market growth rate.
Notes
- ↑ Yandex Cloud results for 2024
- ↑ Raising prices for Yandex Cloud services from April 13, 2022 (pricing update).
- ↑ Investor Presentation February 2022
- ↑ Quarterly Supplementary Materials February 2022
- ↑ Yandex Q4 2021 and Full Year 2021 Earnings: Letter to Shareholders
- ↑ : 2020 results and cloud market development forecast until the end of 2025
- ↑ Announces Third Quarter 2021 Financial Results reporting
- ↑ Yandex N.V. (YNDX) CEO Tigran Khudaverdyan on Q3 2021 Results - Earnings Call Transcript
- ↑ Yandex Scale 2021
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