Server spend surges across Alphabet’s empire
Google’s cloud continues to lose money, but the ad giant and its parent company Alphabet aren’t troubled by the $858 million in cloudy red ink produced in its second quarter for financial year 2022.
Google Cloud brought in $6.3 billion of revenue, a 35 percent year on year increase compared to Q2 2021’s $4.6 billion revenue. But the $858 million loss was 45 percent higher than the $591 million deficit recorded last year. “We are constantly in conversations with customers, big and small, who are just undertaking the journey.”
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