Despite Google Cloud revenue doubling and operating income tripling, nervous investors drove Alphabet's shares down 10% in after-hours trading.
Google Cloud doubled its revenue in Alphabet's Q3 earnings, yet Google stock still fell about 11% the next morning.
Google’s cloud sales surged in the latest quarter but overall revenue at parent Alphabet grew a slower-than-expected 25% to $127.6 billion, disappointing investors. Operating profit rose in the...
Google’s cloud sales surged in the latest quarter but overall revenue at parent Alphabet grew a slower-than-expected 25% to $127.6 billion, disappointing investors. Operating profit rose in the...
Capital expenditures hit a record $51.4 billion and free cash flow was negative $9.1 billion.
Google appears to be gaining share on its hyperscaler rivals, and has a huge backlog to work through over the next few years.
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