Forget Google’s Advertising Business, Cloud Is Where It’s At
By all counts, Alphabet (NASDAQ: GOOGL) (NASDAQ: GOOG) had an awesome finish to 2019. Full-year revenues increased 18% to $161.9 billion, earnings per share increased 12% to $49.16, and free cash flow (revenue less operating and capital expenses, the end-all and be-all of bottom-line profits) surged 45% to $30.97 billion.
Within the greater context of the juggernaut that is Alphabet, though, it's the cloud segment that's really exciting. Often drowned out by the louder first and second fiddles Amazon's (NASDAQ: AMZN) Amazon Web Services (AWS) and Microsoft's (NASDAQ: MSFT) Azure, Google Cloud is surging and catching up fast, according to new segment details Alphabet is providing.
Image source: Getty Images.
Source Fool.com
