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Google Results Show Signs of Cloud Progress Under Greene

  • ‘Other revenue’ jumps 33% to record on cloud and apps momentum
  • Company hired engineers, product managers for enterprise push
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Alphabet Beats Estimates...But What About the Moonshots?

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Google has spent years telling Wall Street its investments in non-advertising businesses will eventually pay off. Thursday’s results suggest that’s beginning to happen.

Google parent Alphabet Inc. reported second-quarter earnings and sales that beat analysts’ estimates. The "Other" part of the Google business saw sales jump 33 percent to a record $2.17 billion. Growth in Google’s cloud-computing and corporate software businesses drove the gains. The shares rose 4.6 percent in early trading Friday to $800.83.