Google Cloud revenue doubles to $30.7bn, beating forecasts
Alphabet reported that Google Cloud saw a 103% year-over-year revenue increase, reaching $30.7 billion. Despite this strong performance, the overall group fell short of expectations due to slower growth in search advertising.
Key points
- Cloud revenue rose 103% to $30.7 billion
- Results beat analyst forecasts of $29.57 billion
- Overall group performance was hindered by weaker search advertising growth
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