alt Hacker News> Enterprises with Google Cloud spend commitments will be able to draw down their GCP commitments for these purchases.
This is a fairly big move by Google... It means revenue they have already booked and reported to shareholders they now might have to give away - potentially all of it. Bean counters hate that!
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redwood • today at 8:28 PM
Let's not quite right... you don't recognize revenue in a consumption business until the usage actually happened
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“Reported to shareholders” doesn’t really mean anything. There are thousands of such line items on financial reports. The ones that matter, such as recognized revenue, don’t count future bookings. It is understood that customers renege on these commitments all the time.
Google is simply telling customers - there’s a new Google Cloud service, and you can use it under your existing account.