April 30, 2026 10:21 AM
Alphabet’s cloud unit beats quarterly revenue estimates on strong AI demand
Alphabet topped Wall Street estimates for quarterly revenue growth at its cloud computing unit on Wednesday, driven by sustained enterprise spending on artificial-intelligence infrastructure. Revenue at Google Cloud grew 63% to $20 billion in the first quarter ended March, compared with analysts' average estimate of a 50.1% increase, according to data compiled by LSEG. The third-largest cloud services provider globally, behind Amazon Web Services and Microsoft's Azure, has continued to la...