Google Cloud Grew 82% Last Quarter -- Here's Why Amazon and Microsoft Investors Should Care
Shareholders shouldering big expenses tend to demand a big payoff.
Overview
Google Cloud just shocked the sleepy cloud services sector out of its slumber.
The Alphabet (NASDAQ: GOOG)(NASDAQ: GOOGL) subsidiary announced it grew its revenue by 82% year over year last quarter. It grew its operating income by an even more impressive 212% year over year.
Details
Here's why those numbers threaten to reshape the entire cloud platform hierarchy and why Amazon (NASDAQ: AMZN) and Microsoft (NASDAQ: MSFT) investors should care. A lot.
Source
Originally published at www.fool.com.
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