Business & Economy · 23 views
Google Cloud revenue is now 18% of Alphabet’s business. Is this the beginning of the end of Google’s search identity?
Ever since Google was founded in 1998, search has been the core of the company’s identity. For much of that time, search has also been the engine (no pun intended) driving Google’s business.
Summary
Ever since Google was founded in 1998, search has been the core of the company’s identity. For much of that time, search has also been the engine (no pun intended) driving Google’s business. The company’s cloud-computing business was the undisputed star of parent company Alphabet’s first-quarter earnings , posting an eye-popping 63% revenue growth from the prior year, for a total of $20 billion.
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