Alphabet earnings crush estimates as cloud business expands

Published On Oct 29, 2024, 4:11 PM

Alphabet Inc. reported earnings that significantly exceeded analysts' expectations, primarily driven by a substantial growth in its cloud services division. The company's performance highlights the continued strength and expansion of its cloud business, which has become a crucial part of its overall strategy. Investors are encouraged by the robust financial results, indicating strong demand for Alphabet's cloud offerings.