Alphabet revenue tops expectations on record quarter for cloud unit
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Alphabet topped Wall Street estimates for quarterly revenue on Wednesday, April 29, as enterprise spending on artificial intelligence delivered the best quarter of reported growth for its cloud unit yet.
Shares of the company were up more than 6% in extended trading.
The Google parent company’s total revenue rose 22% to $109.9 billion in the first quarter, above an estimate of $107.2 billion, according to LSEG data.
Revenue at Google Cloud grew 63% to $20 billion in the first quar
Shares of the company were up more than 6% in extended trading.
The Google parent company’s total revenue rose 22% to $109.9 billion in the first quarter, above an estimate of $107.2 billion, according to LSEG data.
Revenue at Google Cloud grew 63% to $20 billion in the first quar
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