AI powers growth across cloud and search for Alphabet as CEO Sundar Pichai insists it's still early days
Revenue at Google Cloud rose 82% to $24.8 billion during the quarter ended June, accelerating from the 63% jump reported in the preceding three months. Total revenue of $119.8 billion in the period, net income of $112.1 billion.
It’s all AI-driven, of course. Alphabet CEO Sundar Pichai commented:
Our continued momentum is driven by our integrated AI portfolio, consisting of chips, models, data, security and agent platforms, all designed to work together. Gemini continues to be a key driver of growth and is deeply integrated across all of our cloud products, including Gemini Enterprise, Data Analytics, Cybersecurity and Google Workspace. We are seeing strong diversified demand across products, customers, geographies and industries.
Our product differentiation is driving expansion in three ways. We are winning new customers, more than doubling our acquisition velocity year-over-year. We are deepening our relationships with existing customers who are expanding their usage and exceeding their commitments...
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