Google Cloud on track to take on AWS and Microsoft Azure
4 hours ago
Continuing to bank on the generational shift to digital, Google’s parent Alphabet reported revenues of $55.3 billion, a 34% jump from the same period last year, and a record-breaking profit of $18 billion for the first quarter of 2021.
As usual, Google’s ad revenues take up the lion’s share thanks to an increase in brands’ ad spends to leverage the steady growth in consumer online activity, but other segments noted significant improvements as well.
Google Cloud records higher revenue and lower losses
Google began reporting Cloud as a separate segment last quarter to underscore its importance in the company’s future. Google Cloud Platform (GCP) and Google Workspace fall under this segment.