Google's parent company Alphabet announced earnings that exceeded market expectations, driven by growth in its cloud business.
According to the Wall Street Journal (WSJ) on the 29th (local time), Alphabet reported first-quarter revenue of $109.9 billion (approximately 163 trillion 146 billion won), a 22% increase from the previous year. Net income rose 81% to $62.6 billion (approximately 92 trillion 930 billion won). Both revenue and net income exceeded market expectations.
Capital expenditures for this quarter were recorded at $35.7 billion (approximately 53 trillion won), reflecting an expansion of infrastructure investments such as real estate, servers, and data centers. This is to meet the surge in AI demand. Alphabet raised its capital expenditure outlook for 2026 from the previous range of $175 billion to $185 billion (approximately 259 trillion 788 billion won to 274 trillion 633 billion won) to $180 billion to $190 billion (approximately 267 trillion 210 billion won to 282 trillion 455 billion won), and expects it to increase further in 2027.
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Hmm...I haven't been using it lately though...
I haven't seen anyone around me using Google Cloud either (although many people seem to use it for personal storage at work).
