There has been an increasing growth for the Google cloud business that helped it avoid a
challenging quarter for Alphabet. The ad revenues across the Search and YouTube have
been struggling to rebound to the pre-pandemic stages. For the second quarter of 2020,
Google Cloud, including Google Cloud Platform (GCP) and G Suite have brought in $3.007
billion. This is up with 43% from $2.1 billion YOY.
This growth was primarily led by GCP infrastructure solutions and the data analytics
platform. As per Ruth Porat, CFO at Google – “Overall, the lower Google Cloud revenue
growth in the second quarter relative to the first quarter reflects the fact that G Suite
lapped a price increase that was introduced in April last year.”
Source: Zdnet
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