Google/Microsoft: Software stays hungry, keeps eating the world 28 Apr, 2021 10:00 PM 2 minutes to read Google has exceeded more than US$4 billion in quarterly cloud computing revenue. Photo / AP Financial Times Lex OPINION: Big Tech results may explain what has happened to the Spac boom. Reverse mergers into cash shells gave investors the chance to buy into companies with high growth but little in the way of profits or even revenue. In recent weeks the Spac market has cooled. Why take a flier when companies with at least US$150 billion ($206.3b) of annual revenue are reporting 20-30 per cent top-line growth?