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‘Cloud killin’ it’: Wall Street is raving about Alphabet’s monster quarter. Here’s what top analysts are saying.
Alphabet, which owns a number of companies including Google and YouTube, attributed its second quarter revenue growth to its cloud business.
Google revealed that its cloud business is on run rate of more than $8 billion, and it plans to triple the size of its salesforce
Alphabet CFO Ruth Porat says that Google Cloud is the company's third-largest driver of revenue growth. Here's how Google Cloud plans to keep growing.
While the hefty $5 billion penalty did have a short-term impact on net income, which came in short of the same quarter last year, analysts on the Street see the fine as merely a small speed bump on the company's long-term trajectory.
Google is constantly promoting the growth of the company's cloud service but on the eve of the company's "Next" cloud conference, CEO Sundar Pichai conceded that all the top players are faring well.
Google's parent company, Alphabet, is due to report its earnings for the second quarter after the close of trading on Monday. Get all the info first at Business Insider.