Bullish Commentary on Alphabet's Growing Cloud Revenue

4 days ago

"Okay, so I've highlighted here in their most recent quarter which ended June 30th. That's the most recent data we have available for Alphabet and their Google Cloud Business. In the same quarter that ended last year, they generated $10.3 billion in this segment, which increased to $13.6 billion most recently—a roughly 30% growth year-over-year. To put that into comparison, Amazon's web services increased by around 17%. Even though Google Cloud is still a small part of overall profitability, this deal could add north of $2 billion annually, making it great news for Alphabet stock investors."

The speaker outlines strong growth in Alphabet's Google Cloud segment with a 30% year-over-year revenue increase. He highlights the potential for a multi-year deal that could boost annual revenue by over $2 billion and compares these gains to Amazon's lower growth rate, establishing a bullish case for Alphabet.

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