Alphabet Reports Q2 Revenue Up 24% YoY to $119.8B Driven by 82% Growth in Google Cloud
Earnings·2 articles across 2 outlets·↩ Updated
Story updated Rewritten when the story materially grows; the wire is checked every 15 minutesAbout this data
Alphabet Inc. reported a 24% year-over-year increase in revenue for the second quarter, totaling $119.8 billion, surpassing estimates of $116.9 billion. The company's cloud computing division saw remarkable growth, with revenue soaring 82% to $24.8 billion.
In addition to cloud growth, Alphabet's services revenues increased by 15% to $94.5 billion. The strong performance in the cloud segment was a key driver behind the overall earnings, which exceeded analysts' expectations.
Alphabet
Sources
Every quote below is verbatim from the article it is attributed to.
SourceReports the news
“Alphabet reports 82% growth in cloud computing division”
FT — Google revenue surges on AI-driven boom in Cloud unit“Google reported Q2 earnings and revenue that topped estimates, driven by stellar cloud computing growth.”
IBD — Google Earnings, Revenue Top Views As Cloud Growth Accelerates, Search In-Line“Alphabet posted 24% revenue growth as Google Cloud surged 82% in the second quarter”
quartz — Alphabet posted 24% revenue growth as Google Cloud surged 82% in the second quarter“Alphabet: Alphabet reports Q2 revenue up 24% YoY to $119.8B, above $116.9B est., Google Cloud revenue up 82% YoY to $24.8B, and Services revenues up 15% to $94.5B — MOUNTAIN VIEW, Calif.”
techmeme — Alphabet reports Q2 revenue up 24% YoY to $119.8B, above $116.9B est., Google Cloud revenue up 82% YoY to $24.8B, and Services revenues up 15% to $94.5B (Alphabet)
Earlier versions
- Jul 22, 8:10 PM — Alphabet Reports Q2 Revenue Up 24% YoY to $119.8B, Cloud Revenue Surpasses Expectations (2/2)