CloudFortuneabout 2 hours ago
Google Cloud Revenue Doubles to $31 Billion
2 min read
Alphabet's Google Cloud revenue doubled to $30.7 billion in the third quarter, growing 48% annually. While operating income rose 30% to $40.6 billion, earnings tumbled to $2.12 per share due to an $8.7 billion paper loss. Capital spending reached $51.4 billion, and free cash flow hit negative $9.1 billion.
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