The success of their cloud services was touted by Microsoft and Google’s parent in their latest quarterly earnings, as the more traditional sides of their businesses came under pressure. Alphabet’s quarterly revenue growth fell to its slowest pace in two years, as advertisers reduced spending. Chief executive Sundar Pichai said cloud services had “strong momentum and substantial market opportunity” as they generated $6.3bn in revenues. Read More...
The success of their cloud services was touted by Microsoft and Google’s parent in their latest quarterly earnings, as the more traditional sides of their businesses came under pressure. Alphabet’s quarterly revenue growth fell to its slowest pace in two years, as advertisers reduced spending. Chief executive Sundar Pichai said cloud services had “strong momentum and substantial market opportunity” as they generated $6.3bn in revenues.
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