For the first time, Alphabet broke Google Cloud’s operating revenue, showing the company had $ 13 billion in revenue in fiscal 2020. This corresponds to a growth of 47% compared to the previous year.
However, on that revenue, Google Cloud lost $ 5.61 billion for the year.
For the fourth quarter of 2020, Google Cloud had revenues of $ 3.83 billion. This exceeded analysts’ expectations of $ 3.81 billion, according to StreetAccount. The division lost $ 1.24 billion in the fourth quarter of 2020.
According to Alphabet, Google Cloud had sales of $ 8.91 billion in 2019 and a loss of $ 4.64 billion.
The move surprised many in …