
Nasdaq 100: Alphabet Jumps 4% on Earnings Surprise, Massive Buyback Ignites Bullish Sentiment
Cloud growth is slow but margin improves Google Cloud’s revenue rose 28% year-on-year to $ 12.26 billion, just shy with expectations of $ 12.27 billion. While the previous quarter had increased from 30.1%, profitability increased rapidly – the cloud margin increased by 9.4% to 17.8% a year ago. This shift competes in the venture cloud…