Google Cloud revenue jumped 28% year-over-year to $9.57 billion in Q1 2024. Google Cloud's operating income grew nearly 5x to $900 million in Q1 2024, up from $191 million in Q1 2023.
Alphabet's overall revenue grew 15% year-over-year to $80.5 billion in Q1 2024, driven by strong performances from Google Search, YouTube, and Google Cloud.
Sundar Pichai, CEO, said: “Our results in the first quarter reflect strong performance from Search, YouTube and Cloud. We are well under way with our Gemini era and there’s great momentum across the company. Our leadership in AI research and infrastructure, and our global product footprint, position us well for the next wave of AI innovation.”
Ruth Porat, President and Chief Investment Officer; CFO said: “Our strong financial results for the first quarter reflect revenue strength across the company and ongoing efforts to durably reengineer our cost base. We delivered revenues of $80.5 billion, up 15% year-on-year, and operating margin expansion.”
https://abc.xyz/assets/91/b3/3f9213d14ce3ae27e1038e01a0e0/2024q1-alphabet-earnings-release-pdf.pdf
