dcsimg
 

Alphabet Revenue Climbs 26% to Beat Estimates

by Developer.com Staff

The company's cloud computing business is growing even faster.

Google's parent company, Alphabet, has announced that it generated $32.66 billion in revenue during the second quarter, a 26 percent year-over-year increase that beat analyst expectations. Its "other revenue" category, which includes its cloud computing business, climbed 37 percent to reach $4.43 billion. The company's shares rose after the news broke, and the firm is now inching closer to being worth $1 trillion.

In other Google news, the company also announced new programs for software as a service (SaaS) companies that use its cloud computing services. It has a Marketing Development Fund that will give financial incentives to companies that use its cloud services, as well as a program that will offer technical help to keep apps running optimally on the Google Cloud Platform.

View article

This article was originally published on Tuesday Jul 24th 2018
Home
Mobile Site | Full Site