Google Cloud Just Grew 82%. Here's Why Amazon and Microsoft Investors Should Pay Attention Before This Week's Earnings.
Investors want to see that the cloud giants are justifying their massive capex. Google just did that.
Overview
Alphabet (NASDAQ: GOOGL)(NASDAQ: GOOG) just reported excellent second-quarter results, especially for Google Cloud. The tech giant's cloud revenue soared by 82% year-over-year, making it by far the fastest-growing part of the business.
The other two massive cloud infrastructure providers, Amazon (NASDAQ: AMZN) and Microsoft (NASDAQ: MSFT), which operate AWS and Azure, respectively, report earnings later this week. And Google Cloud's stellar performance makes it extremely important for its rivals to show impressive results of their own.
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Originally published at www.fool.com.
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