Google's cloud business turns profitable for the first time on record
Publishing timestamp: 2023-04-25 21:27:34
Summary
Google's cloud business has turned profitable for the first time in three years, generating $191 million in operating income on $7.45 billion in revenue in the first quarter. The cloud business includes Google Cloud Platform and Google Workspace, and accounts for 10% of Alphabet's total revenue. Google has been investing heavily in its cloud-computing business to compete with Amazon and Microsoft, and has been vying to win business from big corporations and government agencies.
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