For many years, Alphabet has only observed from afar how the two big guns of the global cloud service segment, Amazon and Microsoft, divide the market between themselves, but at the same time, at the price of persistent work – and quite a bit of investment – the company has now achieved that instead of the previous two the field should consist of three leading teams.
Based on the company’s second quarter business report published yesterday, at least the Google Cloud business reached an important milestone at the end of June, around the same time when Alphabet’s value exceeded two trillion dollars for the first time.
At the same time, the company’s sales revenue from cloud services broke through the psychological limit of ten billion dollars for the first time during the quarter, while the operating profit also came slightly closer to the psychological one billion dollars (the unaudited closing value was $1.172 billion).
Alphabet’s total sales reached $85 billion in the quarter, which corresponds to roughly 14% annual growth, while profit jumped to $23.6 billion, according to the business report.
The engine of growth was once again the search service, which alone contributed $48.5 billion to the massive sales revenue – in addition, the management highlighted the general good performance of the above-mentioned Google Cloud business during the conference call following the presentation of the results.
In addition to the search engine, the advertising business responsible for YouTube and display ads brought a total of 64.6 billion dollars to Alphabet’s kitchen in the second quarter.
Source: www.hwsw.hu
