Google parent Alphabet’s Q2 top and bottom line surge driven by search, cloud

Quick Summary:

In Q2, the search giant reported $84.7 billion in revenue, up 13.6% year-over-year, and a net profit of $23.6 billion, a 28.6% year-on-year growth.

However, the division still incurred a loss of $1.1 billion.“I’m really pleased with the progress Waymo’s making,” Pichai said, adding, “Waymo’s served more than 2 million trips to-date and driven more than 20 million fully autonomous miles on public roads.

Operating income in Google’s cloud division surged to $1.2 billion, growing nearly three-fold compared to the earlier year.

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Article Details

Author / Journalist: Ishan Patra

Category: StartupsEconomyBusiness

Markets: India

Topics: Cloud Porat Search Revenue Company’s Quarter Google Growth Billion Period Year

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-24 @ 03:31:11 (13 hours ago)

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Language: English

Article Length: 850 words

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