Alphabet Q2 profits surpass predictions; CFO Ruth Porat moves to new role

  • Alphabet’s Q2 earnings exceeded Wall Street predictions, causing an 8% surge in shares owing to increased demand for cloud services and a rebound in advertising revenue.
  • Major growth areas for Alphabet include innovative AI software and their cloud business, with an anticipated ad integration into their AI-powered search system and a 28% rise in Google Cloud revenue to $8.1 billion.
Join 2 million subscribers





A curated newsletter that summarizes the important news at the intersection of Global tech, India Tech and AI.

Delivered 8 AM. Daily.
Total
0
Share
nextbigwhat We would like to show you notifications for the latest news and updates.
Dismiss
Allow Notifications