Google to slash cloud service price by 10 percent on most standard services

Online search engine giant Google will lower prices of its cloud services by 10 percent on most standard services, and 60 percent on high-end data storage.

The new cloud pricing is likely to enable Google to take on Amazon.com, IBM and Microsoft in the fast-growing market of internet services for corporations.
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In a blog post, Google outlined key features and pricing for Compute Engine, part of a broader service that vies with Amazon AWS in providing storage and computing power to corporate clients as in-house data centres are gradually phased out.

Google said the service was now generally available, signalling that it meets internal standards and is ready for a wider rollout.

RW Baird analyst Colin Sebastian noted that Google is positioned to become the next large player in cloud services, with a robust platform of application, platform and infrastructure services, competing for an increasing share of the IT spending pie.

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