Business · 2h ago
Google Cloud Hits Record Revenue, Now 20% of Alphabet
Google Cloud revenue grew 35% year-over-year to $12 billion, making it Alphabet's fastest-growing segment. The unit now accounts for over 20% of the company's total revenue and operating profit. This marks a significant milestone for the cloud business, which has long trailed AWS and Azure.
Meridian48 take
The headline understates the shift: Google Cloud is no longer just a growth story but a profit center, challenging the narrative that it's a distant third in cloud.
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