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Will Google Cloud Strength Aid Alphabet's (GOOGL) Q1 Earnings? [Yahoo! Finance]
Last alphabet inc. - class c capital stock earnings: 4/28 04:02 pm
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US:NASDAQ Investor Relations: abc.xyz/investor
Google Cloud has turned out to be the key catalyst for Alphabet's growth on the back of its strengthening cloud-service offerings. GOOGL's cloud offerings include Google Cloud Platform and Google Workspace, which are continuously gaining momentum in the booming cloud computing market. Google's growing investments in infrastructure, security, data management, analytics and AI remain major positives. Alphabet has been consistently witnessing strong revenue growth, generated by the underlined segment, which derives revenues from fees collected for Google Cloud Platform services and Google Workspace collaboration tools. Revenues from the segment were $9.19 billion in fourth-quarter 2023. The figure accounted for 10.6% of the total revenues and exhibited year-over-year growth of 25.7%. For first-quarter 2024, the Zacks Consensus Estimate for Google Cloud revenues is pegged at $9.25 billion, suggesting growth of 24.1% from the prior-year quarter's reported figure. Click here to k
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