Alphabet (GOOG) (GOOGL) shares are only fractionally higher as tepid capex and a miss on operating margin overshadowed a top- and bottom-line beat and an 82% surge in the companyâs cloud revenue to a better-than-expected $24.8B, beating expectations by more than $2B.
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If you have an ad-blocker enabled you may be blocked from proceeding. Please disable your ad-blocker and refresh. Entering text into the input field will update the search result below Entering text into the input field will update the search result below Quick Insights Alphabet’s cloud revenue surged 82% to $24.8B, exceeding expectations, and is highlighted as a driver for the company’s business growth.
Stock performance is weighed down by tepid capex growth, a miss on operating margin, and lack of reported backlog, despite beats in most business lines and strong cloud growth. Alphabet’s AI investments are credited with redefining business outcomes and driving strong growth, particularly in the cloud segment