Alphabet Soars with $96.43 Billion Revenue, Boosts Cloud Investment to $85 Billion
Summary
Alphabet soars with $96.43 billion revenue in Q2, beating expectations, and boosts investment in its booming Cloud business to $85 billion by 2025 amid surging demand.
Key Points
- Alphabet beats earnings expectations, reporting revenue of $96.43 billion and earnings per share of $2.31.
- The company raises its capital expenditures forecast for 2025 to $85 billion, up $10 billion from February, due to strong demand for its Cloud products and services.
- Alphabet's overall revenue grows 14% year over year, higher than the 10.9% Wall Street expected.