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Google Cloud revenue is now 18% of Alphabet's business. Is this the beginning of the end of Google's search identity? [Fortune]

Alphabet Inc. - Class C Capital Stock (GOOG)  More Company Research Source: Fortune
Last alphabet inc. - class c capital stock earnings: 4/28 04:02 pm Check Earnings Report
US:NASDAQ Investor Relations: abc.xyz/investor
Recommended Video On Wednesday, that began to change. The company's cloud computing business was the undisputed star of parent company Alphabet's first-quarter earnings , posting an eye-popping 63% revenue growth from the prior year, for a total of $20 billion. AI is of course what's driving the booming growth in the Google Cloud business, as CEO Sundar Pichai and other company executives noted on the earnings call. And investors were delighted, sending shares of Alphabet up 7% in after hours trading. But lost in the excitement of the moment is something more fundamental: Google Cloud now represents 18% of the company's overall business. It's perhaps just one quarter or two more quarters away from comprising one-fifth of the Google empire—something that would have been unthinkable a few years ago. At this time last year, Google Cloud represented 13.6% percent of Alphabet's total revenue. In the first quarter of 2024, Cloud was just 11.8%. Advertising has always been the c [Read more]
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Stockreport

Google Cloud revenue is now 18% of Alphabet's business. Is this the beginning of the end of Google's search identity? [Fortune]

Alphabet Inc. - Class C Capital Stock  (GOOG) 
More Company Research Source: Fortune
Last alphabet inc. - class c capital stock earnings: 4/28 04:02 pm Check Earnings Report
US:NASDAQ Investor Relations: abc.xyz/investor
Recommended Video On Wednesday, that began to change. The company's cloud computing business was the undisputed star of parent company Alphabet's first-quarter earnings , posting an eye-popping 63% revenue growth from the prior year, for a total of $20 billion. AI is of course what's driving the booming growth in the Google Cloud business, as CEO Sundar Pichai and other company executives noted on the earnings call. And investors were delighted, sending shares of Alphabet up 7% in after hours trading. But lost in the excitement of the moment is something more fundamental: Google Cloud now represents 18% of the company's overall business. It's perhaps just one quarter or two more quarters away from comprising one-fifth of the Google empire—something that would have been unthinkable a few years ago. At this time last year, Google Cloud represented 13.6% percent of Alphabet's total revenue. In the first quarter of 2024, Cloud was just 11.8%. Advertising has always been the c [Read more]
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GOOG
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Price Change %
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%
Don't Miss Out On The Next BIG Stock Move
Performance comparison Updated
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
LAST PRICE AT
NEWS EVENT
SINCE EVENT
Multi-day stock performance from the time of the news release
LAST PRICE
VWAP
High:
MAX UP
High:
Low:
MAX DOWN
Low:
%
 POST NEWS RANGE
%
PRICE CHANGE
PRICE CHANGE PERCENTAGE
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%
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%
VOLUME (SHARES)
TICKS
AVG SHARES PER TRADE
EVENT DAY
Event Day Chart will not be displayed beyond 90-day period of the event
PERFORMANCE SINCE EVENT
TIME AND VELOCITY ANALYSIS