2024-07-23 21:39:33
Revenues of $85 billion, up 14% (double last year), with an operating margin of 32% (up 3 percentage points) and $24 billion in net income. Although growth slowed compared to the first quarter of the year, Alphabet posted impressive results for the second quarter of its current fiscal year.
Google’s parent company explains this performance by the good performance of its Internet search activity, its historical activity, and the dynamism of its cloud branch, a business of hosting IT services in which it is a challenger to Amazon and Microsoft but still exceeds for the first time the 10 billion revenues in a single quarter, which allows it to pass the billion in operating income. The growth of the activity approaches 30%.
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#Alphabets #results #driven #cloud
