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It’s a sunny day for Google Cloud
Google Cloud had a blockbuster quarter, driving parent company Alphabet's revenues — and stock price — to impressive highs.
Alphabet’s Other Bets category, which includes the company’s self-driving vehicle subsidiary Waymo, was the notable loser. Beyond Google Cloud’s performance, a reduced headcount might’ve contributed to the winning quarter; Alphabet reported a 5% drop in workforce to 180,895 employees. On a call with investors, Alphabet CEO Sundar Pichai said that YouTube and Google’s cloud business are projected to reach a combined annual run rate of over $100 billion by the end of 2024.
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