Alphabet’s cloud revenue reached $24.8 billion last quarter
Alphabet’s cloud computing division saw revenue climb 82% year over year last quarter, marking the fifth consecutive quarter of accelerating revenue growth.
The company’s cloud computing revenue reached $24.8 billion, translating to a run rate of $99 billion.
A backlog of $514 billion was reported for the division, with approximately half set to be received over the next two years, averaging $128.5 billion per year.
The segment’s strong growth was driven by its integration of Gemini, Google’s large language model, and existing customers exceeding thresholds.