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Cloud missed; shares fell :(

• etamponi 3y ago
  Thanks for explaining the after market drop! What was the target for cloud?
  • resolutebat 3y ago
    Google’s cloud business fell short of Wall Street's estimates, topping out at $8.41 billion in the quarter versus expectations of $8.6 billion. https://finance.yahoo.com/news/alphabet-q3-earnings-123119768.html https://finance.yahoo.com/news/alphabet-q3-earnings-12311976...
• CSMastermind 3y ago
  Do you think they give up on Google Cloud at some point?
  • dekhn 3y ago
    they might trim some infrequently used features but I can't see them completely killing Google Cloud- not only does it make money (the only real money other than ads), the reputational hit would be immense. Imagine telling thousands of enterprises they have to move petabytes to a competitor.
    • remus 3y ago
      There's also loads of crossover with the tooling they use to run all their own services.
      • aix1 3y ago
        Like what?
        • choppaface 3y ago
          kubernetes, spanner, bigquery, gfs etc etc. a lot of stuff gets ported from google internal to google cloud and then turned into a product.
• paulpauper 3y ago
  good dip buying opportunity imho
• alfalfasprout 3y ago
  not that much. FWIW may be totally different tomorrow.
• canucker2016 3y ago
  GOOG's cloud was up 22.4% year-over-year. MSFT's cloud (Azure) was up 29% year-over-year. If you're trying to pass/catch up to second place (MSFT), growing 6-7 percent less than second place doesn't help.