The most staggering number wasn't the total revenue. It was the explosive growth of Google Cloud. It reached a revenue milestone & surpassed USD 20 billion for the first time, growing a massive 63% year over year.
The cloud backlog nearly doubled to USD 462 billion, providing an almost unbelievable level of guaranteed future income.
Cloud operating income tripled to USD 6.6 billion, showing that Google finally knows how to scale this business profitably.
Despite AI disruption fears, Search revenue grew 19% to USD 60.4 billion with queries hitting all time highs.
Wall Street responded with a collective roar of approval. With a market cap of USD 4.6 trillion, it is only a matter of time before it joins the USD 5 Trillion Club.
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