Google Cloud customers spend about 50% more than commitments, Kurian says

According to CNBC, Google Cloud chief Thomas Kurian said existing customers are spending roughly 50% more than they commit to when they sign up for the company's products, helping drive second-quarter cloud growth. He said the higher spending reflects the strength of Google Cloud's product lineup and go-to-market execution, and noted that the trend is showing up in both top-line and operating income growth.