Google’s strong earnings boosted by cloud computing gains

Oct 30, 2024  · Parent company Alphabet’s shares rise 6% as results show lift from AI demand ... Google’s strong earnings boosted by cloud ... The standout unit was Google Cloud, where …


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Google’s Strong Earnings Boosted By Cloud Computing Gains

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Oct 30, 2024  · Parent company Alphabet’s shares rise 6% as results show lift from AI demand ... Google’s strong earnings boosted by cloud ... The standout unit was Google Cloud, where …

ft.com

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Alphabet Stock Surges As Earnings Crush Estimates On Strong Cloud …

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Oct 30, 2024  · The search giant reported earnings per share of $2.12 on revenue of $88.27 billion for the quarter ended Sept. 30. That represents a profit and sales increase from the same …

yahoo.com

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Alphabet Stock Surges As Cloud Business Drives Q3 Earnings Beat

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Oct 30, 2024  · Alphabet stock surged 6% after strong Q3 earnings driven by Google Cloud’s 35% revenue boost. Learn how AI investments shape Alphabet’s future. News; Business; ...

thecapitalist.com

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Alphabet Earnings Surge On Cloud And Ad Revenue, Stock Up 6%

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Oct 30, 2024  · Alphabet share closed at a price of $181.22 rising nearly 6% in after-market trading on Tuesday after it topped Q3 revenue and earnings expectations. Posted on Oct 30, 2024 …

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Google Cloud Boosts Alphabet To Double-digit Revenue Growth As …

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Oct 29, 2024  · Alphabet's focus on keeping costs in check, meanwhile, helped boost net income 34% from the year-ago period, to $26 billion, or $2.12 per share. Alphabet shares rose 5.3% to …

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AI Fuels Alphabet’s Q3 Earnings And Cloud Growth

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Oct 31, 2024  · The Q3 earnings of Alphabet (GOOG) jumped as AI fuels 35% Cloud growth, with ad sales boosted by election spending. ... AI Investments Boost Cloud Revenue by 35%. …

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Alphabet Beats Revenue Estimates As AI Fuels Cloud Growth

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Apr 25, 2024  · Alphabet Beats Revenue Estimates as AI Fuels Cloud Growth. Cloud services revenue rose 28% to $900 million in quarter; ... Net income was $1.89 per share, compared …

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Alphabet's Stock Jumps After Earnings Beat, Amid Strength In The …

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Advertising revenue increased 10.4% to $65.85 billion, above the FactSet consensus of $65.36 billion, while cloud revenue climbed 35% to $11.35 billion to top expectations of $10.88 billion.

marketwatch.com

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Google Cloud And Search Strength Fuel Alphabet Earnings Beat

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Jul 23, 2024  · Google Cloud and Search Strength Fuel Alphabet Earnings Beat. By. ... income of $23.62 billion or $1.89 per share rose from $18.37 billion or $1.44 per share a year earlier. ...

investopedia.com

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Alphabet Earnings Beat Estimates, Sees Boost From Cloud Business

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Oct 29, 2024  · Earnings of $2.12 per share was better than the expected $1.84. ... Google Cloud revenue was $11.35 billion compared to the estimated $10.79 billion. ... Alphabet earnings …

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Alphabet Earnings Beat Expectations As Cloud Segment

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Jul 26, 2023  · Alphabet's second-quarter earnings of $1.44 per share topped the $1.34 analysts predicted, while revenue of $74.6 billion was nearly $2 billion better than expectations.

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Alphabet’s Digital Advertising And Cloud Revenue Rises - Financial …

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Jul 25, 2023  · Revenue from Google ads, YouTube ads and Google Cloud all beat forecasts. Alphabet’s net profit of $18.4bn was well ahead of the $16.9bn expected by Wall Street.

ft.com

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Alphabet Beats As Search, Cloud Come Through And Profit Jumps

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Jul 23, 2024  · Alphabet beats as search, Cloud come through and profit jumps ... top and bottom lines with its second-quarter earnings. That came as cloud revenues ... EPS of $1.89 beats by …

seekingalpha.com

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Alphabet Shares Close Above $200 For First Time On Split-adjusted …

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Jan 24, 2025  · Investors are growing more bullish on Alphabet as the company speeds up its AI development.

cnbc.com

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Big Tech Earnings: Live Updates As The Magnificent 7 ... - MoneyWeek

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4 days ago  · On Wednesday, IBM announced earnings per share (EPS) of $3.92 on revenue of $17.6 billion, a strong beat on the $3.75 EPS that analysts polled by London Stock Exchange …

moneyweek.com

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Alphabet Beats Revenue Estimates As AI Fuels Cloud Growth

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Apr 26, 2024  · Net income was $1.89 per share, compared with Wall Street’s estimate of $1.53 per share. The company also said it would pay a dividend of 20 cents a share, its first ever, …

yahoo.com

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Tech Results - As It Happened: Microsoft Shares Slide After Cloud ...

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4 days ago  · However, sales at Microsoft’s cloud division — its biggest revenue driver, which includes its Azure cloud computing platform — rose 21 per cent from a year ago to $40.9bn. …

ft.com

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Alphabet Inc. (GOOG) Sees 34% Net Income Growth In Q3 2024, …

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3 days ago  · Alphabet Inc. (GOOG) Sees 34% Net Income Growth in Q3 2024, Boosted by Strong Search, Cloud Performance, and AI Innovations Usman Kabir Wed, Jan 29, 2025, 9:57 PM 6 …

yahoo.com

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Stock Market Today: Dow, S&P 500, Nasdaq Move Higher With …

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2 days ago  · Meanwhile, Meta's quarterly earnings beat helped lift its shares, but Microsoft stock slumped, down 6%, after its cloud revenue fell short. Faith in ... Apple reported earnings per …

yahoo.com

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Microsoft Stock: Earnings Beat Overshadowed By AI Spending And ...

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1 day ago  · Microsoft shares dropped 4% post-Q2 2025 results, despite beating estimates. Q2 FY2025 saw 12% revenue and 10% EPS growth YoY, driven by strong cloud and AI …

seekingalpha.com

FAQs about Google’s strong earnings boosted by cloud computing gains Coupon?

Why did alphabet's stock surge 28% in after-hours trading?

Alphabet’s stock surged 2.8% in recent after-hours trading, after the internet-search and cloud giant reported third-quarter earnings that rose above expectations, helped by strength in its cloud business. Net income rose to $26.30 billion, or $2.12 a share, from $19.69 billion, or $1.55 a share, in the same period a year ago. ...

How did alphabet's revenue grow?

Revenue growth was "driven by Search as well as Cloud, which for the first time exceeded $10 billion in quarterly revenues and $1 billion in operating profit," Alphabet CFO Ruth Porat said, adding that the company will "invest to support [its] highest growth opportunities," as big tech companies invest in artificial intelligence (AI). ...

Will alphabet invest in its 'highest growth opportunities'?

Alphabet CFO Ruth Porat said the company will invest in its "highest growth opportunities." Google parent Alphabet (GOOGL) reported stronger-than-expected results for the second quarter, driven by search and Google Cloud. ...

Did alphabet's first-quarter revenue exceed analysts' expectations?

Alphabet Inc. reported first-quarter revenue that exceeded analysts’ expectations, buoyed by growth in its cloud computing unit. ...

Why did alphabet's ad revenue increase in the first quarter?

Finance chief Ruth Porat, who Alphabet announced would be stepping into a new role as president and chief investment officer, attributed margin growth to accelerating Search ad revenue, adding that the “vast majority” of costs related to cutting the workforce by 12,000 were taken in the first quarter. ...

Why did alphabet stock jump 14 per cent in extended trading?

The shares jumped 14 per cent in extended trading. Like other Big Tech companies, Alphabet has been plowing money into developing artificial intelligence, a strategy that has helped drive demand for its cloud services, which saw revenue rise 28 per cent in the first quarter. ...

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