Google Cloud revenue more than doubled in Q3

AI · First reported 28 Oct, 22:02 · Updated 05:45

Image: Wikimedia Commons · NASA Johnson Space Center · Public domain

Google Cloud reported $30.7 billion in revenue for the three months ending September 30, up 103% year over year. The coverage also notes higher operating income, AI as a stated growth driver, and a reported after-hours share-price decline.

Google Cloud revenue was $30.7 billion for the three months ending September 30, compared with $15.1 billion in the same period a year earlier.
Operating income rose to $11.1 billion from $3.6 billion a year earlier; Google’s CEO identified AI infrastructure and solutions as major cloud-growth drivers.
One report said Alphabet shares fell 10% in after-hours trading, while also describing Google Cloud revenue as doubled and operating income as tripled.

Summary written by Lux AI from 2 articles

Key facts

Google Cloud revenue: $30.7 billion for the three months ending September 30
Year-over-year revenue growth: 103%, from $15.1 billion
Operating income: $11.1 billion, compared with $3.6 billion a year earlier
After-hours share move: Alphabet shares fell 10%, according to the Neowin snippet
Azure revenue growth: 48% to $33.2 billion in the third quarter