Google Cloud holds a $106 billion order in hand, and revenue will increase by $58 billion by 2027.

According to the financial news app, it was learned that Thomas Kurian, CEO of Google Cloud, a department under Alphabet Inc. (GOOGL.US), revealed that the total committed amount in existing customer contracts signed by Google Cloud but not yet fulfilled has reached as high as $106 billion. Kurian stated on Tuesday that over the next two years, with the gradual delivery of these services, at least 55% (or $580 billion) of the contract amount is expected to be converted into actual company revenue. "The growth rate of the committed contract amount exceeds our revenue growth rate," he added, "This means that not only are we achieving revenue growth, but the scale of unfulfilled contract obligations (remaining unconfirmed revenue) is also expanding."