Google Cloud’s Earnings Highlights: Sales Increase, Stock Drop, Pichai’s Cloud Vision
Google Cloud was a bright spot for its parent companies Google and Alphabet during its first quarter 2022, with Google Cloud sales soaring 44 percent year over year to $5.82 billion.
Sundar Pichai, CEO of Alphabet and Google, touted the “strong performance across Google Cloud Platform and Workspace” while also providing his vision for the cloud giant’s future during his company’s first quarter 2022 financial earnings report.
Mountain View, Calif.-based Alphabet generated approximately $68 billion in total sales across the search giant’s various businesses, representing an increase of 23 percent year over year.
Google Cloud sales jumped from $4.05 billion in first quarter 2021 to more than $5.82 billion year over year.
“Our Q1 saw strong growth in Search and Cloud, in particular, which are both helping people and businesses as the digital transformation continues,” said Pichai, during the company’s earnings call with media and analysts. “We’ll keep investing in great products and services, and creating opportunities for partners and local communities around the world.”
[Related: SADA CEO Tony Safoian: How Google Cloud Is Besting AWS ]
Google Cloud sales include Google’s infrastructure and platform services, collaboration tools and enterprise customer services. Google Cloud generates revenues from fees received from its flagship Google Cloud Platform (GCP) services, Google Workspace collaboration tools, and other various cloud services.
From Google Cloud’s operating loss to the most significant statements made by Alphabet’s CEO Pichai about the cloud giant’s future during the earnings call with media and analysts, CRN breaks down the five most important things Google Cloud channel partners, investors and customers should know. 1 23… 6NextRELATED TOPICS:
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